More jobs were likely created in Q2, mainly in servicesLabour market is more resilientExpect recovery to be supported by consumptionMost inflation measures were either stable or edged down in JuneWages are still rising at an elevated rateLatest surveys indicate that wages will moderate over the next yearInflation expected to fluctuate around current levels for the remainder of the year, in part due to base energy effectsExpected to decline to target in the second half of 2025Risks of economic growth are tilted to the downside
I don’t hear anything suggesting a rush to cut rates.
This article was written by Adam Button at www.forexlive.com.
