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22nd Aug 2024 00:00USDaily Monitor

  • The only question for September is the size of the Fed move; we still  expect 25bp, but hope for 50.
  • The downward revision to March payrolls is big, but this tells us very little about the near-term outlook.
  • Existing home sales probably bounced in July, but are unlikely to climb much further in Q3.

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Keywords for: 22 August 2024 US Monitor

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