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Weekly Economic Perspective: Higher Food Prices Drive US Consumer's Inflation Expectations

Senior Economist
Intermediate Quant Analyst

Last Week's Highlights

  • The Economy
    The Fed highlights persistent economic uncertainty but makes no policy changes. Canadian housing starts rebound in May. Industrial production plunges in UK. Minor upward revision to eurozone Q1 GDP. Larger upward revision to Japanese Q1 GDP. Business conditions improve in Australia.
  • The Market
    Big risk-off week on second wave and valuation worries. Bond yields narrow amid cautious sentiment. The dollar boosted amid volatility. Oil plunges, gold comes back into favor.