Pantheon Macroeconomics
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Net trade and equipment investment both set to drag on Q2 growth.
Real incomes, spending and core prices increases are all slowing.
Better headline numbers, but the underlying trend is still weak.
Rounding off another weak quarter for equipment investment.
Yet another sign growth in payrolls is slowing sharply.
Core prices back on track; real after-tax income growth slowing sharply
Consistent with still-subdued business investment.
Business investment probably still set for a weak Q1
Demand for core capital goods remains weak; rebound in claims does not change the low and flat trend.
The underlying picture remains weak, despite the positive headline numbers.
U.S. Document Vault, independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence,