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        Weekly Economic Perspectives

        Softening US Data Warrants Cautious Fed Approach

        The May Fed meeting was less hawkish than feared. Rate hikes aren’t imminent despite delayed inflation progress. Weak labor market indicators persist despite some improvement, evident in April’s softer employment report and disappointing ISM surveys.

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

        Easing Wage Inflation Is Key US Labor Market Trend

        Spotlight On Next Week

        • Bank of England to be on hold.
        • Japan’s wages to be watched closely.
        • Reserve Bank of Australia to be on hold, but watch out for dovish green shoots.
           
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        More on Weekly Market Update

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