By: Simona M Mocuta, Amy Le, CFA, Venkata Vamsea Krishna Bhimavarapu
- Elevated US inflation persists.
- Existing home sales decline in Canada.
- UK unemployment rate declines amid continued fiscal policy chaos.
- Japan’s manufacturing orders fell but remained above the long-term trend.
- Aussie consumer confidence fell again.
Spotlight On Next Week
- Mixed US housing data expected amid rising mortgage rates.
- Inflation updates to show persistent pressures in UK and Japan.
- Employment gain expected in Australia.
Originally Posted October 17, 2022 – Elevated US Inflation Persists, but Leading Signals Easing
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