22 November 2023 US Monitor Pre-Holiday Data Likely will Reinforce the Softening Trends
20th Nov 2023 19:50US, Daily Monitor
- The upturn in jobless claims bears close attention, though it’s much too soon to panic.
- Ignore the wild durable goods headline; core capex orders are rising, but other data are less benign.
- Consumers’ sentiment likely will respond to cheaper gasoline; will inflation expectations do the same?
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