Weekly Economic Perspectives

US Economy Enters Technical Recession


Chief Economist
Investment Strategist
Economist

The Economy

  • The Fed hikes another 75 bp as economy enters technical recession.
  • Canadian GDP stalls in May.
  • UK housing activity slows further.
  • A strong beat on eurozone GDP.
  • Japan’s industrial production rebounds.
  • Australian inflation spikes.

Spotlight On Next Week

  • US employment gains set to slow.
  • The BoE could deliver an outsized 50 bp hike.
  • The RBA also poised to deliver another 50 bp hike.

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