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29th Apr 2024 15:57USDaily Monitor

  • The FOMC will likely take a hard line on easing today, despite abundant warnings of a weaker labor market.
  • The disappointing Q1 ECI is not definitive; leading indicators signal downward pressure on wage growth.
  • Ignore the ADP and JOLTS job openings today; the JOLTS quits rate matters far more.

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Keywords for: 1 May 2024 US Monitor

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