Canada Rapid Response Canada Consumer Prices (Jun. 2024) The Bank of Canada’s preferred CPI-trim and CPI-median measures of core prices rose at an above-target monthly pace for the second month running in June. Nonetheless, with the Bank’s Business Outlook... 16th July 2024 · 2 mins read
US Rapid Response Retail Sales (June) Although retail sales were unchanged in June, the strong 0.9% m/m rise in control group sales should ease concerns about the plight of the consumer in the wake of the renewed slump in sentiment... 16th July 2024 · 2 mins read
Canada Economics Update Bank surveys show need for looser policy The Bank of Canada’s business and consumer surveys point to weak GDP growth, show that firms’ wage expectations are now lower than their pre-pandemic peak, and suggest that consumers are increasingly... 15th July 2024 · 3 mins read
Canada Rapid Response Manufacturing Sales (May 2024) The continued rise in manufacturing sales and new orders suggests that the sector gained some momentum in the second quarter. However, we expect that strength to fade this quarter. 15th July 2024 · 2 mins read
Global Economics Chart Pack Global Economics Chart Pack (July 2024) Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data point to some divergence in GDP growth in major economies in Q2. On the... 15th July 2024 · 0 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Jul 2024) The latest data indicate that capacity pressures have continued to ease, a trend that should continue over the coming quarters. However, it will be a while before policymakers can be confident that... 15th July 2024 · 1 min read
Canada Economics Weekly Rate cuts will offer relief to housing this year The latest housing market data paint an almost ideal picture for the Bank of Canada, with activity improving, but little sign of a surge in house prices that could derail the downward trend in core... 12th July 2024 · 6 mins read
US Economics Weekly Core inflation pressures rapidly easing Chair Jerome Powell told Congress this week that the Fed is looking for “more good data” to strengthen its confidence that inflation will return to 2%. That is exactly what the June CPI and PPI... 12th July 2024 · 7 mins read
US Rapid Response Uni. of Michigan Consumer Sentiment (Jul. 2024) The further decline in the University of Michigan consumer sentiment index in July adds to the evidence that consumers are increasingly struggling with high interest rates. Although the link between... 12th July 2024 · 2 mins read
Global Economics Update What explains the stickiness of services inflation? Disinflation in the services sector seems to have stalled in several advanced economies this year. That’s partly because the easiest wins related to food and energy effects are behind us and also... 12th July 2024 · 4 mins read
UK Economics Weekly Spain versus England: An economics match-up If the economic outlook translated to success on the football pitch, faster GDP growth and lower interest rates may mean Spain has the edge over England to win the men’s Euros on Sunday night. We're... 12th July 2024 · 8 mins read
US Rapid Response Producer Prices (June) Ignore the fact that core PPI increased by a slightly bigger-than-expected 0.4% m/m in June and that May was revised to a 0.3% rise from unchanged. The PPI components that feed into the Fed’s... 12th July 2024 · 2 mins read
Australia & New Zealand Economics Weekly Despite some snags, inflation will cool in earnest Administered price inflation is looking to be somewhat sticky in Australia, reflecting a combination of tax increases on select goods and elevated cost pressures across a range of public services. On... 12th July 2024 · 5 mins read
Japan Economics Weekly Bank of Japan will hike rates to 0.5% by year-end The persistent strength in producer prices of manufactured goods means that underlying inflation will probably settle around the Bank of Japan's 2% target over the second half of the year rather than... 12th July 2024 · 5 mins read
Canada Economics Update Wage growth set to slow Still elevated wage growth is partly due to earlier large gains in public sector pay, which are unlikely to be repeated. There are tentative signs that private sector wage growth is slowing, and the... 11th July 2024 · 3 mins read
US Economics Update How could Trump influence the Fed? It is not clear that Donald Trump, if elected, would gain much from trying to force Fed Chair Jerome Powell out of the role only a year before his term expires anyway. Trump might instead focus his... 11th July 2024 · 3 mins read
