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24th Jul 2023 20:30U.S., Daily Monitor

  • Chair Powell will reinforce the Fed’s optionality on further hikes; no dovish shift yet.
  • The rebound in consumers’ confidence is no guarantee of strengthening spending.
  • New home sales likely rose again in June; lack of inventory of existing homes is driving the market.

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Keywords for: 26 July 2023 US Monitor

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