Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

Investment Weekly

Cooling labour market
12 January 2024

    Chart of the week – Cooling labour market

    The December US CPI numbers were a timely reminder that inflation is not dead yet and that markets may be getting ahead of themselves in pricing a high chance that the Fed kicks off its easing cycle in March. But while recent jobs data has offered mixed signals on the direction of the US economy, a combination of improving inflation trends and lower wage growth should convince the Fed to ease policy from Q2.

    Chart of the week – Cooling labour market

    More from this week:

    Market Spotlight

    • Outlook for Asian earnings

    Lens on…

    • Positioning for an election extravaganza
    • Worth keeping European stocks on the radar
    • Shipping disruption pushes up container costs

    Download the full report PDF, 654KB