Pantheon Macroeconomics

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7th Jun 2023 15:27U.S., Daily Monitor

  • Both the Challenger layoff announcement data and NFIB hiring intentions signal higher jobless claims.
  • Tighter credit conditions and soaring interest rates mean the inventory correction has some way to run.
  • The inventory drag on Q2 GDP growth likely will be about three-quarters of a percentage point.

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Keywords for: 8 June 2023 US Monitor

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