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21st Feb 2024 19:02US, Daily Monitor

  • Business investment last year was hugely flattered by the impact of the CHIPS Act, but that’s now fading.
  • Other capex looks to be constrained by high rates and tight credit, especially for small firms.
  • Existing home sales are off the floor, but a full recovery is a long way off. 

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Keywords for: 23 February 2024 US Monitor

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