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28th Jul 2022 15:39U.S., Daily Monitor

Payroll growth looks to have slowed to about 250K in July, continuing the slowing trend.

The Q2 employment costs index should show that wage growth has softened markedly. 

GDP growth likely will rebound in Q3, but final demand will be weak; that matters more to the Fed.

ahe April August capex capex plans chair powell chicago pmi commodity consumer consumer confidence consumer sentiment consumers consumption core pce core pce deflator cpi December deficit durable goods economy employment employment data equipment fed fed survey fomc forecasters forecasts foreign trade funds gas prices gdp gdp growth gdp report growth hawks headline gdp growth headline index home sales housing housing component imports income index industrial supplies inflation inflation expectations inflation target inventories jobless claims July July cpi July forecast June labor labor demand labor market May mortgage mortgage applications net foreign trade net trade new home sales orders payroll payroll growth payrolls pce pending home sales personal income pmi powell price increases private sector private sector wages productivity productivity growth q1 q1 gdp q2 q2 gdp q3 q3 forecast q3 gdp q4 q4 forecast real consumption real spending recession redbook remain retail retail sales richmond fed s&p 500 sales growth sentiment summer supply survey total orders trade u.s. unemployment unemployment rate wage gains wage growth wages

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