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1st May 2025 18:53USWeekly Monitor

  • Tariff uncertainty supported payrolls in April, by temporarily boosting the logistics and retail sectors...
  • ...But hiring intentions have weakened and a sharp decline in activity in the logistics sector is in train.
  • We’re pushing back our forecast for Fed easing to July, from June, but we still expect 75bp this year.

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Keywords for: 5 May 2025 US Monitor

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