Pantheon Macroeconomics

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30th Oct 2023 10:53U.S., Daily Monitor

  • The ECI is the Fed’s favored measure of labor cost pressures; expect more good news in the Q3 data...
  • ...We see downside risk to the consensus, but other wages data don’t consistently signal ECI swings.
  • Consumers’ confidence likely dipped this month, but lower gas prices should support a year-end uptick.

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Keywords for: 31 October 2023 US Monitor

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