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30th Jul 2024 10:04USDaily Monitor

  • Chair Powell says a September easing “could be on the table”, now that labor market risks loom larger.  
  • Growth in employment costs slowed in Q2, and a further softening in wage growth ahead looks likely. 
  • The July ISM survey probably will show manufacturing is still treading water; claims are a wildcard today.

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Keywords for: 1 August 2024 US Monitor

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