Weekly Economic Perspectives: Divergent Trends In US CPI Inflation
Last Week's Highlights
The Economy Inflation picks up a little in the US. Bank of Canada seems open to flexible inflation targeting. UK industrial production improves further. The ECB remains on hold as risks still skew to the downside. Japan’s wage inflation improves, but still negative. Australian employment conditions worsen.
The Market The US equity selloff continues, but most other markets move higher. Bond yields narrow slightly despite stronger inflation reads. The pound gets hammered by Brexit controversy. Oil continues to retreat but uncertainty puts a floor under gold.
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