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30th Sep 2025 09:19USDaily Monitor
  • The government shutdown will hold up key data releases and likely will drag on economic growth. 
  • Another 25bp easing from the Fed at its next meeting seems like prudent risk-management. 
  • The effective tariff rate has now crept up to just 12%, and a further climb is likely in the next few months.

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Keywords for: 2 October 2025 US Monitor

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