Pantheon Macroeconomics

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19th Apr 2023 15:11U.S., Daily Monitor

  • The labor market is normalizing, with hiring slowing and participation rising, so wage growth is slowing.
  • The bigger risk now is that the Fed squeezes so hard that wage growth slows too far next year.
  • Existing home sales likely dipped in March but rose in Q1; look for a clear rebound in the Philly Fed.

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Keywords for: 20 Apr 2023 US Monitor

fed, growth, home sales, labor, labor market, March, us, wage growth, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence