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Weekly Economic Perspectives

Small Firms Participate in and Aid US Disinflation Process

Chief Economist
Investment Strategist

The Economy

  • Another big step down in US inflation (but don’t expect a repeat next month).
  • The BoC lifts key policy rate to fresh 22-year high.
  • UK job market shows signs of cooling but remains tight.
  • Japan’s machinery orders decline.
  • Michele Bullock to take over as RBA’s Governor in September.

Spotlight On Next Week

  • Retail sales to pick up but housing starts to decline in the US.
  • Inflation expected to slow in Canada, UK, but not in Japan.
  • Aussie employment growth to slow.

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