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18th Jul 2023 20:25U.S., Daily Monitor

  • Auction prices for used autos signal rapid summer declines in the CPI measure, holding down the core.
  • Existing home sales are range-bound; they can’t recover until mortgage rates drop substantially.
  • Capex intentions surveys have fallen sharply this year, but the decline might be bottoming out.

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Keywords for: 20 July 2023 US Monitor

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