Pantheon Macroeconomics

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US Publications

Below is a list of our US Publications for the last 5 months. If you are looking for reports older than 5 months please email info@pantheonmacro.com, or contact your account rep

Please use the filters on the right to search for a specific date or topic.

Oliver Allen (Senior US Economist)

PM Datanote: US CPI, September 2025

Tariffs still pushing goods inflation higher, but services inflation looks soft under the hood.

PM Datanote: US Existing Home Sales, September 2025

Lower mortgage rates boost sales, but major headwinds remain.

24 October 2025 US Monitor Are payrolls a more reliable cyclical guide than GDP

  • Payroll trends have consistently been a good guide to the economy’s momentum in the past. 
  • Job growth often responds far more quickly at major turning points than contemperaneous GDP. 
  • The current near-stagnation in job gains is alarming, despite the relatively healthy economic activity data.

PM Datanote: US Consumer Confidence, September 2025

Worsening job availability points to a further rise in the unemployment rate.

PM Datanote: US Pending Home Sales, July 2025

Further falls in prices likely needed to get sales moving again.

PM Datanote: US Chair Powell Jackson Hole Speech, August 2025

A September easing looks nailed on, with more likely to follow.

26 August 2025 US Monitor July orders likely to highlight the weakness of fixed investment

  • A weak month at Boeing likely hit headline orders, but orders ex-transportation probably were soft too.
  • Tariff-related uncertainty still seems to be weighing heavily on companies’ capex plans.
  • A big inventory overhang points to a further decline in new residential construction ahead.

PM Datanote: US S&P Global Composite PMI / Existing Home Sales

The rebound in growth implied by the PMI looks too good to be true.

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Keywords for: U.S. Documents

U.S. Document Vault, independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence,