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17th Sep 2024 17:52USDaily Monitor

  • The FOMC’s forecasts imply that slow, steady, easing will stabilize the labor market soon...
  • ...But policy is not that powerful and works with long lags; the Committee will ease in 50bp steps again.
  • Housing starts rebounded in August, but a further climb is unlikely in the near term.

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Keywords for: 19 September 2024 US Monitor

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