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21st May 2026 11:26USWeekly Monitor
  • GDPNow’s forecast for 4.3% growth in Q2 is based on too little data to take it seriously.
  • We look for growth of 1½%, given the weak underlying trend in consumption and non-tech capex.
  • The FOMC is more worried about inflation expectations, but they have no bite in a weak labor market.

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Keywords for: 25 May 2026 US Monitor

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