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28th Oct 2024 09:23USDaily Monitor

  • We think GDP grew by 3.5% in Q3, underpinned by another solid increase in consumers’ spending.
  • But growth probably will slow sharply over the next few quarters, as households start to tire. 
  • The core PCE deflator likely rose by just 2.0%, and underlying inflation is set to remain in check. 

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Keywords for: 29 October 2024 US Monitor

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