Pantheon Macroeconomics
Best viewed on a device with a bigger screen...
27th Jul 2022 14:52U.S., Daily Monitor
The Fed followed the script, but Chair Powell was careful to avoid making predictions for September.
With eight weeks of softer data to come before the next meeting, we think 50bp is a solid September bet.
The economy likely shrank at a 0.5% rate in the second quarter, thanks entirely to a swing in inventories.
capex, capital goods, core capital goods orders, durable goods, energy, energy prices, fed, foreign trade, gdp growth, headline gdp growth, inflation picture, inventories, July, June, labor, oil, oil prices, payrolls, policymakers, q2, q3, rate hike, recession, September, spending growth, summer, trade, transportation, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence