Is Philly Fed Signalling An End To Goods Disinflation?

The Economy

• Mixed industrial and housing data in the US.
• Inflation improved more than expected in Canada and the UK.
• Eurozone disinflation becomes more convincing.
• Japan’s inflation remained firm.
• Aussie employment rises.

Spotlight On Next Week

• The Fed is set to deliver another unnecessary hike.
• The ECB is set to hike again, but turn more cautious on outlook.
• BoJ to upgrade inflation and amend YCC.
• Australian inflation to have moderated in Q2.