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Weekly Economic Perspectives

Credit Is Not Just Expensive, but Harder to Get in the US

Chief Economist
Investment Strategist

The Economy

  • Fed hikes despite growing risks; details point to a less robust US labor market than the headlines suggest.
  • Wage growth seems sticky in Canada.
  • Solid services activity in the UK.
  • The ECB hikes again and not ready to pause.
  • Consumer confidence rose (again) in Japan.
  • Home loan commitments rose sharply in Australia.

Spotlight On Next Week

  • No improvement likely in April US inflation data.
  • The BoE poised to hike again amid persistent inflation.
  • Japan’s labor cash earnings may moderate.
  • Aussie real retail sales might have contracted in Q1.

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