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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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Keywords for: 28 July 2023 US Monitor

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