US Unemployment Rate Bottoming Out Gently but Surely

The Economy

• Soft payrolls report likely to turn Fed’s November skip into the end of tightening cycle.
• Canadian unemployment rises.
• The BoE on hold.
• Eurozone disinflation now in full force.
• The BoJ tweaks YCC.
• Aussie retail sales best expectations.

Spotlight On Next Week

• UK Q3 GDP may contract marginally.
• Nominal wages may reaccelerate in Japan.
• The RBA will likely hike, but there is a small chance of a surprise.