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23rd Sep 2024 11:04USDaily Monitor

  • The GDP-GDI gap is big, but revisions usually result in GDI being pulled towards GDP, not vice-versa. 
  • Firms’ interest payments likely will be revised up, boosting the imputed interest income of households.
  • The employment index of S&P’s PMI survey points to very weak growth in private payrolls this autumn.

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Keywords for: 24 September 2024 US Monitor

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