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Weekly Economic Perspectives: US Real GDP Now Above Pre-Covid Peak, Price Pressures Build

Chief Economist

  • The Economy
    US Q2 GDP disappoints on huge inventory drawdown. May GDP contracts in Canada. UK house prices dip unexpectedly. Eurozone Q2 GDP exceed expectations. The Japanese labor market tightened in June. Australia’s Q2 inflation climbed on base effects.

  • The Market
    Italian equities outperform on positive virus and vaccination news. US yields oscillate on data flow and end slightly lower. The Pound rallies on improving Covid data. Oil rebounds of inventory data, gold on patient Fed.