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28th May 2024 19:13USDaily Monitor

  • Q1 GDP growth will be revised down sharply today, thanks mostly to weaker consumption.
  • Final sales still rose at a decent pace, but momentum is fading, and the labor market will reflect the downshift.
  • Jobless claims probably are trending higher; look out for a hefty drop in pending home sales.

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Keywords for: 30 May 2024 US Monitor

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