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19th Feb 2024 21:46US, Daily Monitor

  • Homebase data point to a sharp slowdown in February payrolls; we expect 125K, with 75K private jobs.
  • Spikes in the payroll numbers are common; what matters is whether they are sustained.
  • The FOMC minutes will reaffirm the message that policymakers are happy to delay the first easing.

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Keywords for: 21 February 2024 US Monitor

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