The Global Week Ahead

This report warns that inflation risks remain elevated in Canada, the US, Japan, and Australia, despite recent declines in commodity prices. It highlights that central bank policies are currently in a transition or holding phase amid ongoing geopolitical and supply-chain pressures.

Key Takeaways

• 1.Despite recent drops in commodity prices, inflation risk remains significant across major economies including Canada, the US, Japan, and Australia.
• 2.Global central bank activity is expected to be relatively quiet, with Banxico and the Bank of Thailand anticipated to hold interest rates.
• 3.Manufacturing PMIs are showing resilience due to pre-emptive inventory stockpiling ahead of expected price pass-throughs.

Table of Contents

• So, You Think It's Over?
• Canadian CPI—Remember Before the War?
• US PCE—Falling Out of Favour?
• Aussie Inflation—It's Not All About the War's Effects
• Japanese Inflation—A Temporary Lull?
• Central Banks—The Calm After the Storm
• Banxico—The Beginning of the End
• Bank of Thailand—Still Waiting
• Global Macro—PMIs and Australia's Job Market
• PMIs Likely to Show Ongoing Price Pressures
• Australia's Job Market On Watch

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