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10th Jun 2024 12:28USDaily Monitor

  • The NY Fed survey shows wage growth and long-run inflation expectations are in line with the 2010s. 
  • People plan to spend 5% more over the next year, but expectations correlate poorly with actual spending.
  • Tight credit conditions are weighing heavily on small firms, an ominous sign for the economy at large.

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Keywords for: 11 June 2024 US Monitor

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