28 July 2023 US Monitor The Q2 ECI is Unlikely Alone to get the Fed off the Hook
26th Jul 2023 20:27U.S., Daily Monitor
- Any slowing in the Q2 ECI likely was marginal, but much better numbers are coming in the second half.
- Second quarter GDP growth was supported by a likely unsustainable jump in business capex.
- The June core PCE deflator likely rose by only 0.1%, but it’s a close call.
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