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    Weekly Economic Perspectives

    Run of Extreme US House Price Increases Is Over

    Simona M Mocuta
    Chief Economist
    Amy Le, CFA
    Investment Strategist
    Venkata Vamsea Krishna Bhimavarapu
    Economist

    The Economy

    • Solid employment gains continue in US but housing sector is rapidly cooling.
    • Canadian GDP growth slows despite massive inventory build.
    • Manufacturing activity contracts in the UK but house pries rebound.
    • German retail sales rebound but labor market continues to cool.
    • Japan’s retail sales and industrial production surprise positively.
    • Australian building approvals plunge.

    Spotlight On Next Week

    • The ECB (75 bp), BoC (75 bp), and RBA (50 bp) are all expected to deliver outsized rate hikes.
    • Decent Q2 growth seen in Australia.
    Read Full Commentary

    More On Weekly Economic Perspectives

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