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19th Dec 2024 19:26USWeekly Monitor

  • Big increases in purchases of high-value durable goods largely drove November's brisk consumption.
  • Real after-tax income growth will slow next year amid modest wage rises and falling savings income.
  • Spending growth will lull in mid-2025 even without tariffs, as people are acting now like they are coming.

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Keywords for: 23 December 2024 US Monitor

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