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28th Sep 2023 08:36U.S., Daily Monitor

  •  GDP revisions are minor, but the sluggishness of Q2 consumption is a surprise.
  • The GDP/GDI spread has shrunk, but it’s still wide; GDP is more plausible.
  • Both consumption and core PCE prices likely were soft in August.

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Keywords for: 29 September 2023 US Monitor ds

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