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        Weekly Economic Perspectives

        Fed Cuts Delayed by Robust Labor Market Data

        Robust employment report takes July Fed cut off the table. Bank of Canada and European Central Bank deliver their first rate cuts. UK private sector expanded. Japan’s wages improve. Australia’s GDP growth declines to a 32-year low.

        5 min read
        Simona M Mocuta
        Chief Economist
        Amy Le, CFA
        Investment Strategist
        Venkata Vamsea Krishna Bhimavarapu
        Economist

        US Payroll Revisions Have Suddenly, Mysteriously Shrunk 

        Spotlight on Next Week

        • On-hold Fed to signal fewer cuts this year. 
        • Canadian manufacturing sales to rebound. 
        • UK labor market shows further easing. 
        • The BoJ is ready to reduce JGB purchases. 
        • Aussie full-time employment growth to remain muted.
        Read More

        More Weekly Economic Perspectives

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