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18th Jul 2024 19:03USWeekly Monitor

  • Interest rate rules monitored by the FOMC suggest rates should already have been reduced to 4%.
  • Policy rules are sensitive to the assumed neutral rate, but also to unemployment, which will rise further.
  • The latest readings for a raft of leading indicators suggest that lower housing inflation is here to stay.

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Keywords for: 22 July 2024 US Monitor

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