Pantheon Macroeconomics

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14th Apr 2023 15:35U.S., Daily Monitor

  • Homebase points to very weak payrolls, but Easter distortions are hard to read; we look for 125K.
  • ...We expect real consumption to fall outright in Q2/ Q3, tipping the economy into recession.
  • The spike in the Empire State index is tracking Chi- na’s PMIs, but the NFIB survey points to recession.

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Keywords for: 18 Apr 2023 US Monitor

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