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Weekly Economic Perspectives

Diverging Price Trends in New and Existing US Home Markets

Chief Economist
Investment Strategist

The Economy

  • US GDP revisions boost soft-landing odds.
  • Notable retreat in Canadian inflation.
  • UK mortgage approvals still dismal but trying to bottom.
  • French consumer confidence lags regional peers.
  • Japanese underlying inflation remains strong.
  • Aussie inflation eased but retail sales jump.

Spotlight On Next Week

  • June US employment report critical ahead of July Fed meeting.
  • Canada’s employment data will be closely watched.
  • Japan’s Tankan survey will show better capex outlook.
  • The RBA is all set for another hike.

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