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4th Mar 2026 11:29USDaily Monitor
  • Tax refunds are up only 10% year-over-year to date, far short of the near-30% rise we expected...
  • ...But a meaningful boost to growth in consumers’ spending in H1 still looks likely. 
  • Layoff indicators remain subdued, but the renewed fall in NFIB hiring intentions implies weak job gains.

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Keywords for: 6 March 2026 US Monitor

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