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30th Nov 2023 19:43US, Weekly Monitor

  • Chair Powell’s heart is no longer in the optionality story; he repeated it Friday but it’s no longer realistic.
  • The continued shrinkage of the M2 money supply is disconcerting, even for non-monetarists.
  • The manufacturing sector is in the doldrums, and auto sales are now trending down.

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Keywords for: 4 December 2023 US Monitor

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