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4th Jan 2024 20:28US, Weekly Monitor

  • The labor market is weaker than the headline December jobs numbers, but it’s hardly terrible.
  • Either way, the Fed’s policy decisions will be driven more by the inflation numbers than the jobs data.
  • The soft December ISM services survey is not definitive, but a repeat in January would get our attention.

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Keywords for: 8 January 2024US Monitor

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