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20th Jul 2023 18:02U.S., Weekly Monitor

  • Our above-consensus 3.0% Q2 GDP forecasts largely reflects a huge jump in the inventory component...
  • ...This boost is unlikely to be repeated, and the outlook for the economy in the second half of the year is poor.
  • Slower growth, the downshift in payrolls, and better inflation prints make a September hike very unlikely.

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Keywords for: 24 July 2023 US Monitor

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