Pantheon Macroeconomics

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25th Apr 2023 15:37U.S., Daily Monitor

  • The intense downward pressure on gross margins will force firms to cut costs in order to preserve EPS…
  • …Labor is the biggest cost, by far, so higher rates and tight credit conditions are set to depress job growth.
  • Falling real core capital goods orders point to falling real capex in Q2; the numbers have not hit bottom.

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Keywords for: 26 Apr 2023 US Monitor

capex, capital goods, core capital goods orders, credit, credit conditions, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence