Wednesday brings Australia’s wage price index q/q and Canada’s BoC summary of deliberations. On Thursday, Australia will release employment change and the unemployment rate, while the U.S. will report PPI m/m and unemployment claims.
At this week’s meeting, the RBA is widely expected to deliver a 25 bps rate cut, lowering the cash rate to 3.60% from 3.85%. At the previous meeting, the Bank surprised markets by holding rates steady, citing persistent inflation, strong household spending, and tight labor market conditions as key factors.
Wage growth figures, which will be released after the meeting, will be closely watched as they could significantly influence the policy path. Markets anticipate additional rate cuts in November and early next year, though the timing will remain data-dependent amid ongoing global uncertainty.
The Bank of England struck a surprisingly calm tone on the labor market in its August policy decision, despite payroll employment steadily declining in recent months. This month’s jobs report may show another notable drop in hiring, though it’s worth remembering that these figures are often revised higher in subsequent releases.
Core CPI rose 0.3% last month, the strongest monthly gain in six months, lifting the y/y rate back to 3.0%. The increase reflects rising goods prices that are no longer being offset by easing service costs. Headline inflation is seen rising a more modest 0.2%, supported by falling gas prices and slower food price growth.
In Australia, the consensus for employment change is 25.3K vs 2.0K prior, and the unemployment rate is expected to edge down from 4.3% to 4.2%.
In the U.S., the consensus for core retail sales m/m is 0.3% versus the prior 0.5%, while retail sales m/m are expected at 0.5% versus the prior 0.6%. Analysts at Wells Fargo, however, project a 0.6% increase in July retail sales, noting that much of this strength likely stems from temporary factors rather than sustained momentum.
Recent patterns indicate consumers are turning more cautious, with discretionary goods spending declining for three consecutive months and discretionary services also softening. Weaker labor market conditions and concerns about tariff-driven price pressures appear to be driving more selective spending behavior.
This article was written by Gina Constantin at investinglive.com.Hence then, the article about market outlook for the week of 11 15 august was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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