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11th Nov 2024 21:20USDaily Monitor

  • Core retail sales usually struggle after hurricanes, and warm weather likely weighed on clothing sales.
  • Carryover from Q3 will support growth in consumption in Q4, but expect slower gains from here.
  • Credit conditions remain very restrictive, as banks have continued to tighten lending standards. 

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Keywords for: 13 November 2024 US Monitor

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