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11th Mar 2024 17:51US, Daily Monitor

  • February’s core CPI was less bad than January’s, but unhelpful to the case for an early Fed rate cut.
  • Nothing is yet definitive, given how much inflation and labor market data will appear before the May FOMC.
  • Small firms are much less cheerful than implied by the stock rally, and they are hiring many fewer people.

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Keywords for: 13 March 2024 US Monitor

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