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29th Jul 2024 09:44USDaily Monitor

  • The low personal saving rate stems from low unemployment and recent rapid growth in asset prices.
  • The saving rate will likely rise over the next year as unemployment rises and stock price growth slows.
  • Consumer confidence probably ticked up in July, but from a level consistent with soft consumption growth.

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Keywords for: 30 July 2024 US Monitor

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