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22nd Jul 2024 10:30USDaily Monitor

  • All bets are off for November, so it makes little sense to change macro forecasts at this point.
  • The further fall in pending home sales in May points to a steep decline in existing home sales in June.
  • We expect a weaker labor market and ongoing lack of supply to mean sales remain subdued for some time.

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Keywords for: 23 July 2024 US Monitor

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