Weekly Economic Perspectives

Global inflation remains stubbornly high with significant prints in the US and Japan, prompting increased hawkishness from central banks despite mixed underlying economic signals.

Key Takeaways

• 1.US inflation rose to 3.8% y/y in April, driven by energy and shelter, though analysts suspect 'data oddities' may make the print an outlier.
• 2.Bank of Japan is highly likely to hike rates in June following a 4.9% y/y surge in the Corporate Goods Price Index (CGPI), the highest in 12 years.
• 3.UK GDP growth outperformed in Q1 at 0.6% q/q, but the Bank of England is expected to remain cautious due to volatile underlying demand.

Table of Contents

• US: Hotter Inflation Prints with Lots of Data Oddities
• UK: BoE Unmoved by Robust GDP Surge
• Japan: June Hike Is a Done Deal
• Week in Review
• Spotlight on Next Week
• Contact

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial