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7th Aug 2025 18:02USWeekly Monitor

  • Adobe and PriceStats data point to a slowing passthrough from the tariffs to consumer prices...
  • ...But the ISM services survey sends the opposite signal; we are taking the middle position.
  • Demand for air travel seems to be recovering, but hotel room rates likely are sustainably lower.

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Keywords for: 11 August 2025 US Monitor

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