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26th Jul 2024 09:36USWeekly Monitor

  • June's muted core PCE deflator likely will be followed by sustained benign readings.
  • Consumption will slow further, as the labor market weakens and the savings rate creeps up.
  • July's regional Fed services surveys also support the case for a rapid easing of monetary policy.

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Keywords for: 29 July 2024 US Monitor

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