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7th Nov 2024 10:51USDaily Monitor

  • Chair Powell emphasised that the elections would have little bearing on December's policy decision...
  • ...Labor market data will support a further 25bp easing; more to come in 2025, but fiscal policy will be key.
  • The Fed has little to fear from unit labor costs, even after the latest upward revisions.

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Keywords for: 8 November 2024 US Monitor

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