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15th Feb 2024 20:38US, Daily Monitor

  • Severe weather likely hurt January retail sales; a partial rebound is a good bet for February.
  • The soft start to the quarter means we now expect 2%  growth in real Q1 spending; decent, but a slowdown.
  • Core PPI inflation probably is still falling, but margins—trade services—are wild month-to-month.

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Keywords for: 16 February 2024 US Monitor

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