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19th Sep 2023 17:40U.S., Daily Monitor

  • Chair Powell will repeat the Jackson Hole message; inflation improvement is welcome but not definitive...
  • The FOMC will retain optionality on rates, with most members looking for one more hike this year.
  • The core PCE inflation forecast will be reduced, but growth will be revised up substantially for this year.

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Keywords for: 20 September 2023 US Monitor

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