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Weekly Economic Perspectives

Inflation Relief Boosts Rate Cut Expectations

The very good May inflation report was followed by an even better June inflation report, such that—if not for the unfortunate shift to a single rate cut in the June FOMC Summary of Economic Projections—a July cut might be a live possibility.

4 min read
Chief Economist
Investment Strategist

Finally, a Clear Step-Down in Shelter Inflation

Spotlight on Next Week

  • The ECB on hold this month following June cut. 
  • Canadian inflation to ease. UK CPI hovers around 2%. 
  • Japan’s CPI to inch towards 3.0% YoY. 
  • June Aussie employment set to disappoint expectations.

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