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20th Oct 2025 17:54USDaily Monitor
  • The regional Fed and PMI surveys are no better at forecasting GDP than just extrapolating the trend.
  • Durables goods spending by consumers is reasonably well signalled by the UoM confidence survey.
  • Airline passenger and hotel occupancy data are useful for forecasting that segment of spending only.

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Keywords for: 22 October 2025 US Monitor

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