High earners feeling the effects, but have more capacity to absorb rising costs
The net worth of the top 20% averaged $3.5 million per household
Inflation expectations ease, job market optimism ticks up
Unemployment may have peaked, but excess supply to curb wage growth
Plus, other product/index launches, fund name and management changes
Labour market slack suggests rate hikes can likely wait
Gains for wealthy, high-income households to offset weakening job market
Forecasts revised up as stronger-than-expected Q3 data emerges
Central bank sees slowdown in wage gains from collective agreements
Ongoing supply constraints support prices, even as demand softens