Pantheon Publications
Below is a list of our Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
Please use the filters on the right to search for a specific date or topic.
- The latest claims data suggest the hit to NFP from Hurricanes Helene and Milton was relatively small.
- September’s hefty rise in the core PCE deflator will be a blip; October’s storm-related boost will be small.
- Job market loosening points to lower core inflation in 2025, but Mr. Trump’s tariffs would upend that story.
Samuel TombsUS
- Mexico saw strong growth in Q3, driven by agriculture and services, yet challenges lie ahead.
- Political uncertainty surrounding the US presidential election poses a risk to Mexico’s economy.
- Key sectors are showing resilience, but external factors could hit future growth and capex decisions.
Andrés Abadía (Chief LatAm Economist)Latin America
- The BoJ left the policy rate on hold yesterday, at 0.25%, as expected given the recent election.
- Governor Ueda was deliberately vague about signalling the timing of the next rate hike.
- China’s October official PMI shows fiscal stimulus gaining traction, led by large enterprises.
Duncan WrigleyChina+
- A trio of strong data tilts the balance of risk further in favour of a 25bp rate cut in December.
- Core inflation was firmer than expected in October, and it will increase a touch in November too.
- The ECB battle over the neutral rate has begun; Ms. Schnabel likely sees a relatively high number.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- We expect the MPC to vote eight-to-one to cut Bank Rate by 25bp at next Thursday’s policy meeting.
- Growth, inflation and crucially CPI services inflation have undershot rate-setters’ expectations.
- The MPC will open the option of consecutive cuts, but higher forecast inflation will keep it cautious.
Elliott Laidman Doak (Senior UK Economist)UK
In one line: Stellar again; inflation increase driven by energy base effects
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: Decent, but nothing to write home about ex-Olympic boost.
Claus Vistesen (Chief Eurozone Economist)Eurozone
