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16th Oct 2024 15:19USDaily Monitor

  • Real goods spending likely leapt by 6.3% in Q3, the most for six quarters, but slower growth beckons.
  • Labor income growth is slowing, while savings income will fall; hurricanes will not boost overall sales. 
  • The latest jobless claims data are still consistent with a big hit to October NFP from strikes and hurricanes.

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Keywords for: 18 October 2024 US Monitor

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