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14th Oct 2025 18:51USDaily Monitor
  • Corporate balance sheets look healthy in aggregate;
    private credit is a small and stable part of the picture.
  • Mortgage refinancing is continuing to reverse its
    mid-September surge; expect low levels next year too.
  • The Empire State survey signals renewed impetus in
    factory gate inflation; fingers crossed it’s an outlier.

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Keywords for: 16 October 2025 US Monitor

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