Weekly economic perspectives

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

The Economy

  • Elevated US inflation kills prospects for near-term rate cuts.
  • Canadian housing starts to rebound.
  • UK wage growth moderates.
  • The ECB announces a new operational framework.
  • Japan averts technical recession.
  • Aussie business conditions improve modestly.

Spotlight On Next Week

  • The Fed to hold both rates and (most likely) rate forecasts.
  • The BoE is on hold while UK CPI moderates further.
  • The Bank of Japan to exit negative rates.
  • RBA on hold.

Read Full Commentary

Originally Posted March 18th, 2024, on State Street Global Advisors’ blog

PHOTO CREDIT: https://www.shutterstock.com/g/Rawpixel



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