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5th Aug 2024 17:56USDaily Monitor

  • Economic and market conditions usually have been worse than now to trigger an emergency Fed meeting...
  • ...But rates are far above neutral and the next meeting is six weeks out; Mr. Powell will act if markets deteriorate.
  • July’s ISM services survey kept recession fears at bay, but it still strongly supports the case for Fed easing.

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Keywords for: 6 August 2024 US Monitor

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