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27th Aug 2024 13:30USDaily Monitor

  • We look for a 0.13% rise in the July core PCE deflator, implying downside risk to the 0.2% consensus.
  • Real consumption probably rose by 0.3% in July, setting up a strong base for growth in Q3…
  • …But we expect a slowdown ahead, due to weak income growth and rising the saving rate. 

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Keywords for: 28 August 2024 US Monitor

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