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3rd Jul 2024 20:08USDaily Monitor

  • Private payroll growth slowed sharply in Q2; revisions could easily worsen the picture.
  • Tight monetary policy is the primary cause; employment growth will slow further in Q3.
  • Wage growth now is consistent with the 2% inflation target; the Fed will ease multiple times in H2.

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Keywords for: 8 July 2024 US Monitor

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