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22nd Aug 2024 16:26USDaily Monitor

  • Chair Powell probably will indicate at Jackson Hole that multiple rate cuts are likely this year. 
  • The S&P Global composite PMI has joined the raft of indicators pointing to weaker hiring.
  • Existing home sales rebounded in July, but a sustained near-term recovery is unlikely.

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Keywords for: 23 August 2024 US Monitor

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