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28th Aug 2023 12:23U.S., Daily Monitor

  • The Atlanta Fed’s GDPNow model likely is substantially overstating Q3 GDP growth…
  • …Consumption and inventories probably will be much weaker than the model suggests.
  • Consumers’ confidence likely dipped a bit in August; stock and gas prices imply a further hit in September.

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Keywords for: 29 August 2023 US Monitor

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