Economics… For those who like charts and graphs.

Capital Economics is a great resource.

• Activity: Third-quarter GDP growth was close to 3% annualized, but headwinds are mounting in the fourth quarter.

• Labour Market: Despite resilient payroll growth, wage growth still looks set to slow to pre-pandemic rates soon.

• Inflation: The remaining strength of core inflation is concentrated in the shelter component, but we expect shelter inflation to slow sharply from here.

• Policy: Surging long-term Treasury yields could make it less likely that the Fed will hike its policy rate any further.

•Forecasts: We still expect rates to be cut more rapidly than markets expect next year, as the economy weakens and inflation returns to target.

https://www.ce-macro.com/sites/default/files/2023-10/CE%20US%20Chart%20Pack%20%28Oct%2023%29.pdf

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay connected.

Get up to the minute updates and resources.

Search
Other Articles

Stay Connected.

Get up to the minute updates and resources.