Elevated US Inflation Persists, but Leading Signals Easing

By: Simona M Mocuta, Amy Le, CFA, Venkata Vamsea Krishna Bhimavarapu

The Economy

  • 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.

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Originally Posted October 17, 2022 – Elevated US Inflation Persists, but Leading Signals Easing

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