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Labor demand still deteriorating, amid tight monetary policy and elevated uncertainty.
Net trade and inventories likely dragged heavily on Q4 GDP growth.
Aircraft likely drove a plunge in equipment investment in Q4.
Manufacturing still looks fragile despite this improvement.
Disinflation still progressing; core PCE deflator likely up just 0.2%.
Massive rise in airline fares leaves core PCE deflator set to rise by 0.3%.
Politics still making the NFIB harder to read.
Early signs of improvement, but still depressed.
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