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20th Feb 2025 09:10USWeekly Monitor

  • The S&P PMI points to growth in final sales to private domestic purchasers slowing to just 2% in Q1.
  • The PMI was too gloomy during the first trade war, but tariff and federal spending risks are bigger now.
  • Tariff threats also are driving consumers’ confidence lower and inflation expectations higher.

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Keywords for: 24 February 2025 US Monitor

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