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27th Jan 2025 18:39USDaily Monitor

  • We think GDP rose by around 2% in Q4, driven mainly by another strong increase in consumption.
  • Tariffs muddy the waters, but we expect growth to be much weaker this year than in 2024.
  • The FOMC is unlikely to signal less easing after only one month’s better than expected labor market data.

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Keywords for: 29 January 2025 US Monitor

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