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The economy’s main engine of growth is looking a lot weaker.
Net trade and equipment investment both set to drag on Q2 growth.
Real incomes, spending and core prices increases are all slowing.
GDP details better than the headline, but growth is slowing.
Yet another sign growth in payrolls is slowing sharply.
Core prices back on track; real after-tax income growth slowing sharply
One spike in the core deflator after three very small increases does not change the trend.
Core inflation falling steadily across all three components.
Sequentual core inflation is now almost at target pace.
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