By: Simona M Mocuta, Amy Le, CFA, Venkata Vamsea Krishna Bhimavarapu
- Puzzlingly strong US employment report.
- Canadian wage growth remains robust.
- UK private sector activity hurt by lower consumer demand.
- Italian unemployment drops to multi-year low.
- Japanese wage inflation moderates on decline in bonuses, but underlying trend solid.
- The RBA holds rates but remains watchful.
Spotlight On Next Week
- US CPI inflation seen inching lower.
- UK Industrial production likely to weaken further.
Originally Posted October 9, 2023 – Moderation in US Wage Inflation Is Key Labor Market Trend
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