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25th Feb 2025 10:47USDaily Monitor

  • CPI core goods inflation will rise to 2% soon, from zero, if the latest manufacturing surveys are right...
  • ...But we see little sign of cost pressures besides the China tariffs, which at most entail a 1pp uplift.
  • January headline durable goods orders likely were strong, but we see renewed weakness ahead.

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Keywords for: 27 February 2025 US Monitor

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