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28th Aug 2023 20:40U.S., Daily Monitor

  • The quits rate is back to the pre-Covid level, pointing to a sustained slowing in wage growth.
  • Net exports likely will boost Q3 GDP growth, but the boost will be partly offset by an inventory correction.
  • Pending home sales likely were little changed in July, but new lows are likely before year-end. 

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Keywords for: 30 August 2023 US Monitor

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