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15th Mar 2023 16:51U.S., Daily Monitor

  • If the Credit Suisse meltdown doesn’t scare the Fed, the drop in Treasury liquidity should.
  • The potential cost of skipping a rate hike next week is much less than the cost of damaging the system.
  • Q1 consumption looks to be headed for a 2% gain; the downshift in core PPI inflation is back on track.

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Keywords for: 16 Mar 2023 US Monitor

core PPI, credit, fed, liquidity, ppi, PPI inflation, rate hike, us, credit suisse, fed, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence