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20th Jun 2024 18:24USWeekly Monitor

  • Stocks will like Fed easing, but will be less enamored of a potentially steep drop in gross margins.
  • Existing home sales fell a bit further in May and a sustained recovery looks a long way off.
  • The pick-up in the employment index of S&P Global PMI survey in June is probably a red herring.

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Keywords for: 24 June 2024 US Monitor

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