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10th Feb 2024 14:16US, Weekly Monitor

  • The CBO projects a substantial drop in the federal budget deficit this year; a headwind to growth.
  • With households likely to slow the rundown of their pandemic savings too, weaker growth is a good bet.
  • The annual CPI revisions were modest, and leave the clear downward trend in place.

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Keywords for: 12 February 2024 US Monitor

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