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29th Aug 2024 09:35USDaily Monitor

  • The core PCE deflator undershot the Fed’s forecast yet again in July; expect more benign prints in H2.
  • Recent strength in consumption lacks solid foundations; the saving rate will be higher a year from now.
  • The ISM probably remained soft in August, pointing to weak growth in manufacturing employment

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Keywords for: 3 September 2024 US Monitor

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