Pantheon Macroeconomics
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Fast out the starting blocks; we expect further 50s soon.
Consistent with another quarter of brisk growth in consumption, but slower growth lies ahead
PPI and CPI data suggest the August core PCE rose by about 0.14%, sustaining the slowdown.
A gradual recovery is taking hold, but manufacturing is too small to alter the bigger picture.
Still consistent with resilient growth in consumption, for now
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