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Weekly Economic Perspectives

US Leading Economic Indicators in Rapid Descent Now

Chief Economist
Investment Strategist

The Economy

  • US leading indicators in rapid descent.
  • Gasoline prices keep Canadian inflation elevated.
  • UK inflation jumps, but likely peaking.
  • Eurozone inflation jumps, but likely peaking.
  • BoJ’s CPI inflation target met for the first time in 30 years.
  • Australian wages rise more than expected.

Spotlight On Next Week

  • New home sales to slow in US.
  • Eurozone service and manufacturing contraction to intensify.
  • Tokyo CPI inflation may have accelerated further.

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