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6th Oct 2025 17:52USDaily Monitor
  • The NY Fed survey suggests the mood among consumers was souring again even before the shutdown. 
  • The weak labor market and further upward pressure on inflation from tariffs are the most likely culprits. 
  • Alternative indicators of payrolls are even worse guides to the final estimates than the initial prints.

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Keywords for: 8 October 2025 US Monitor

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