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27th Jan 2026 10:16USDaily Monitor
  • Payrolls have slowed further since the FOMC last met and the best indicator of unemployment has jumped. 
  • Chair Powell was less categorical that the labor market is stabilizing than the statement. 
  • The Q3 surge in productivity is just a reversion to trend; AI has been only a marginal influence, so far.

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Keywords for: 29 January 2026 US Monitor

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