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Weekly Economic Perspectives: US Wage Inflation Settling At Elevated Levels

Chief Economist

  • The Economy
    A strong US payrolls report ignites early taper worries. Further improvement in Canada’s labor market. The BoE adjusts the forward guidance around taper. German retail sales beat expectations but industrial output misses. Wage growth decelerates in Japan. The RBA confirms September taper plans.

  • The Market
    An all-around strong week for equities. Yields are mixed, with US up the most on strong payroll report. Early taper worries lift the dollar. Oil plunges on higher inventories, gold plunges on taper concerns.