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15th May 2024 17:52USDaily Monitor

  • The manufacturing sector continues to disappoint and a sustained recovery still looks some way off. 
  • April's pick-up in import prices likely will have a near-zero impact on core goods CPI inflation.
  • The failure of housing starts and claims fully to reverse recent adverse shifts suggest interest rates are too high.

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Keywords for: 17 May 2024 US Monitor

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