Pantheon Macroeconomics

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26th Jun 2024 12:47USDaily Monitor

  • We’re are lowering our Q2 GDP forecast to 1.0%, from 1.5%, due to May’s poor trade and orders data.
  • We estimate that the core PCE deflator rose by just 0.11% in May; a run of sluggish increases beckons.
  • Real consumption likely rose by 0.3% in May, with growth of less than 2% looking likely for this quarter.

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Keywords for: 28 June 2024 US Monitor

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