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29th Nov 2023 21:22U.S., Daily Monitor

  • Core PCE inflation is fading rapidly; in recent months it has run only just above 2% on a sequential basis.
  • Consumption spending slowed at the start of Q4, but likely is on course to rise at a 2%-plus rate.
  • Look for only a modest bounce in the ISM manufacturing index, despite the leap in the Chicago PMI.

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Keywords for: 1 December 2023 US Monitor

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