Pantheon Macroeconomics
Best viewed on a device with a bigger screen...
26th Aug 2022 14:03U.S., Weekly Monitor
The August inflation data will have to be great if the Fed is to pivot to 50bp in September...
...Whatever happens to rates in the near-term, the Fed is uneasy at market forecasts of lower rates in 2023.
The plunging trade deficit and stronger consumption mean Q3 GDP forecasts are much too low.
August, chair powell, consumption, core cpi, core pce, core pce deflator, core pce inflation, cpi, deficit, easing, economy, energy, fed, fomc, forecasts, foreign trade, gdp, gdp forecasts, growth, households, imports, inflation, July, labor, labor demand, lower rates, markets, net foreign trade, pce, pce inflation, policy, powell, q3, q3 gdp, retail, September, supply, trade, trade deficit, trade numbers, u.s., vehicles, wage costs, wage growth, winter, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence