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19th Jun 2024 14:28USDaily Monitor

  • Falling hirings and rising firings are a toxic combination; job growth looks set to slow sharply.
  • May building permits suggest residential construction spending is falling at a 10% annualized pace. 
  • Existing home sales likely were unchanged in May; Fed rate cuts will facilitate only a sluggish recovery.

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