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1st May 2024 17:55USDaily Monitor

  • Both the Homebase data and the NFIB survey signal slower job growth in April, but the numbers are noisy.
  • One softer print would not trigger a Fed response, but it would make the May number critical for markets.
  • The ISM services survey likely will provide further reassurance on the underlying inflation outlook.

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Keywords for: 3 May 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence