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30th Apr 2024 17:46USDaily Monitor

  • Chair Powell batted away talk of a further rate hike, and hinted that labor market fears are emerging.
  • Everything will change if payroll growth slows sharply; that won't happen overnight, but it is coming.
  • Still no signs of a real manufacturing recovery, and inflation risks from the sector are minimal.

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Keywords for: 2 May 2024 US Monitor

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