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1st Jan 2024 20:54US, Daily Monitor

  • The December ISM manufacturing index likely fell, leaving it broadly in line with the cycle low…
  • …But falling interest rates likely will lift capital spending and manufacturing activity in 2024.
  • The Fed minutes are unlikely to reveal anything new, but we continue to expect rate cuts as early as March.  

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Keywords for: 3 January 2024 US Monitor

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