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29th Apr 2024 11:15USDaily Monitor

  • Year-over-year growth in the ECI likely fell below 4% in Q1, almost back to its inflation target-consistent rate.
  • California fast food price rises driven by the minimum wage hike will have a microscopic impact on the CPI.
  • Ignore the 3.9% Q2 growth forecast from GDPNow; its estimates are often way off this early in the quarter. 

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Keywords for: 30 April 2024 US Monitor

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