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28th Mar 2024 10:32US, Weekly Monitor

  • February’s subdued core PCE price data support the idea that January’s spike was a one-time fluke.
  • Consumption is on track for a 2% gain in Q1, down from 3.3% in Q4, and real income growth is slowing
  • A modest uptick in ISM manufacturing is a decent bet, but the sector remains weak.

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Keywords for: 1 April 2024 US Monitor

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