Pantheon Macroeconomics
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24th Aug 2022 13:36U.S., Daily Monitor
Chair Powell likely will reiterate that the Fed is now data-dependent; 75bp is not certain for September.
Student loan forgiveness will not materially boost growth or inflation, or threaten the public finances.
Imports appear to be falling quite quickly; a drop in the trade deficit will boost Q3 GDP growth.
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