Macro Memo September 14 - 27, 2021

Sep 15, 2021 | Brian Moore


What's in this article: -Declining COVID-19 infections -Ebbing growth -U.S. employment resilience -Central banks pivoting -Inflation still plausibly peaking -Canadian election preview

RBC GAM MacroMemo Sept. 14-27, 2021

This week’s #MacroMemo provides a high level summary of the latest virus trends before venturing into a wide range of economic and policy matters. These include a Canadian election preview, negative economic surprises, swooning Asian manufacturers and a U.S. labour market update. We also take a look at where American households are stowing their recent savings, whether to be concerned about the recent decline in Canadian GDP, and the outlook for developed-world central banks. Lastly, we revisit high inflation and discuss the microchip shortage.


Click here for the full report; RBC GAM MacroMemo.