Canada Rapid Response Canada GDP (Aug.) The unchanged level of GDP in August and downgrade to July puts third-quarter growth on track to sharply undershoot the Bank of Canada’s estimate of 1.5%. That provides some support to our view that... 31st October 2024 · 2 mins read
US Rapid Response Income & Spending (Sep 2024) & ECI (Q3 2024) The news on prices was mixed, with the September data showing that the core PCE deflator increased at a slightly faster 0.25% m/m (or 3.0% in 1m annualised terms) and, in part due to some modest... 31st October 2024 · 2 mins read
Japan Economics Update BoJ opens door to another rate hike BoJ Governor Ueda sounded more optimistic today and we’re sticking to our forecast of another rate hike at the Bank’s next meeting in December, though we don’t expect further tightening in 2025. 31st October 2024 · 3 mins read
Australia & New Zealand Rapid Response Australia Retail Sales (Sep. 2024) Although real retail sales saw a healthy pickup in Q3, there are reasons to suspect the data are overstating the momentum behind overall household consumption. That being the case, policy implications... 31st October 2024 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Sep. 24) 30th October 2024 · 2 mins read
UK Economics Focus Autumn Budget - Big tax rises, but economy may end up stronger This Budget is big, both in the way it defines the government’s plans and the money it raises and spends. The key point is that it loosens fiscal policy relative to previous plans and is therefore... 30th October 2024 · 16 mins read
UK Economics Rapid Response Despite large rise in taxes, Budget still boosts economy This Budget is big, both in the way it defines the government’s plans and the money it raises and spends. The key point is that it loosens fiscal policy relative to previous plans and is therefore... 30th October 2024 · 3 mins read
US Rapid Response GDP (Q3) Despite earlier fears that the US economy was headed for recession, growth continued to out-perform other DMs. Third-quarter GDP growth came in at a solid 2.8% annualised, down only trivially from the... 30th October 2024 · 2 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q3 2024) 30th October 2024 · 2 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Aug. 2024) A slightly healthier 0.3% rise in house prices in August does not change the fact that the market is rapidly cooling amid weak demand and growing supply. Therefore, we stand by our recent decision to... 29th October 2024 · 1 min read
UK Economics Rapid Response UK Money & Lending (Sep. 2024) Although consumer confidence has fallen ahead of the Budget, there is little evidence in September’s money and lending figures that Budget worries are having a big influence on households’ financial... 29th October 2024 · 3 mins read
US Commercial Property Update ‘Extend and pretend’ still ongoing for some banks The NCREIF Q3 index posted a positive return for the first time in two years, with only offices recording a negative outturn. But with firmer evidence that poorly capitalized banks have been less... 28th October 2024 · 3 mins read
Canada Economics Focus What comes after the carbon tax is axed? With the Conservatives currently on track to win a clear majority at the next federal election, which is due by October 2025 but could come much earlier, there is a high chance that the carbon tax... 28th October 2024 · 14 mins read
US Economics Weekly Could Musk influence a future Trump presidency? If Donald Trump wins the election, we think there are a few policy areas where Elon Musk, who has become one of the campaign's biggest supporters, would try to influence Trump. 25th October 2024 · 8 mins read
