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19th Nov 2024 10:17USDaily Monitor

  • The "DOGE" target of $2T savings is ludicrous, but spending cuts could offset some of the tax cuts.
  • Lower fiscal multipliers for tax cuts than for tariff rises and spending cuts also point to a small GDP boost.
  • Seasonal adjustment will depress today's jobless claims data; expect a slightly rising trend this winter. 

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Keywords for: 21 November 2024 US Monitor

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