Australia & New Zealand Rapid Response Australia Labour Market (Aug. 24) The labour market and population data released today are consistent with our view that the Reserve Bank of Australia will only lower interest rates in Q2 2025. 19th September 2024 · 2 mins read
US Economics Weekly Shelter inflation the last piece of the puzzle The 25bp vs 50bp debate, which seemed settled following Governor Christopher Waller’s cautious speech shortly after the August Employment Report, was blown back open this week by what appeared to be... 13th September 2024 · 7 mins read
China Economics Weekly Retirement age increase, import slowdown The increase in China's retirement age announced today will provide a near-term boost to employment. But it won't do much to counteract long-run demographic headwinds. And while weak domestic demand... 13th September 2024 · 6 mins read
Australia & New Zealand Economics Weekly Government isn’t what’s keeping the RBA from cutting We aren't convinced that the recent surge in public sector employment is the main cause behind Australia's poor productivity performance and stubborn inflationary pressures. But with the latest survey... 13th September 2024 · 5 mins read
UK Economics Focus The post-election UK economic landscape The structural deterioration in the fiscal situation suggests that a tight grip on the public finances in the Budget on 30th October will be necessary. That’s why we think the government will maintain... 12th September 2024 · 14 mins read
Australia & New Zealand Economics Focus RBNZ will eventually cut rates to 2.25% The Reserve Bank of New Zealand has always ended up cutting interest rates by more than it anticipated at the start of previous easing cycles. We think this time won’t be any different and expect the... 10th September 2024 · 11 mins read
UK Economics Rapid Response UK Labour Market (Jul. 2024) The further easing in wage growth will be welcomed by the Bank of England as a sign that labour market conditions are continuing to cool. But we doubt this will be enough to prompt a back-to-back 25... 10th September 2024 · 3 mins read
Global Economics Focus How to gauge recession risk in DMs Getting an early steer on whether an economy has entered recession requires a holistic assessment of a variety of indicators to see if multiple variables are flagging recession at the same time. In... 9th September 2024 · 16 mins read
US Economics Weekly August jobs report just about enough for the Fed The data releases this week did not signal a clear winner in the 25bp versus 50bp cut debate, but the speech from Governor Christopher Waller nonetheless suggests that the small improvement in the... 6th September 2024 · 6 mins read
Canada Economics Weekly Bank may not blink despite higher unemployment The communications from the Bank of Canada this week suggest that the rise in the unemployment rate in August is unlikely to be enough to trigger larger interest rate cuts, which is probably a sign... 6th September 2024 · 4 mins read
Europe Chart Pack Europe Chart Pack (Sep. 2024) Economic growth in the euro-zone slowed in Q2 and timelier data suggest that it weakened further in Q3. That, together with the further fall in wage growth and headline inflation, all but guarantees... 6th September 2024 · 1 min read
Canada Rapid Response Canada Labour Force Survey (Aug.) The rebound in employment in August should soothe fears about the risk that the economy is taking a turn for the worse, although the 0.2%-point jump in the unemployment rate to 6.6% presents clear... 6th September 2024 · 2 mins read
US Rapid Response Employment Report (Aug.) The 142,000 gain in non-farm payroll employment in August was probably just enough to tip the Fed in favour of a measured 25bp rate cut this month, rather than a more dramatic move, but the labour... 6th September 2024 · 2 mins read
