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25th Oct 2023 19:40U.S., Daily Monitor

  • The strong headline Q3 GDP number hid a disconcerting, broad-based slowing in business capex.
  • The big inventory contribution to Q3 growth likely will reverse; we expect zero GDP growth in Q4.
  • The September core PCE inflation data should bring further good news, but the Fed wants to see more.

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Keywords for: 27 October 2023 US Monitor

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