Not too shocking

With little to destabilise financial markets over the past few days, soft landing narratives have remained in vogue. While this week’s US CPI report was certainly a little stronger-than-anticipated, other indicators, including the latest UK labour market report, were more benign. In charts this week we look in more depth at:

·       US Inflation drivers

·       The health of the UK labour market

·       Japan’s supply side drivers

·       China’s EV penetration

·       Consensus growth forecasts

·       Economic shocks and the consensus