Pantheon Macroeconomics

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25th Jun 2024 08:10USDaily Monitor

  • We look for a small dip in initial claims to 235K, due to Juneteenth, but the trend still is rising.
  • May’s durable goods orders likely will point to a big drag on Q2 GDP growth from equipment investment.
  • Net trade also looks set to weight heavily on Q2 growth, even if the goods trade deficit narrowed slightly in May.

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Keywords for: 27 June 2024 US Monitor

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