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5th May 2023 14:59U.S., Daily Monitor

  • Labor costs are key to medium-term inflation; in the short term, other factors can matter more.
  • Core inflation likely will undershoot substantially relative to unit labor costs inflation over the next year.
  • The credit tightening is real and intensifying; the NFIB survey likely will capture a coming capex hit.

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Keywords for: 9 May 2023 US Monitor

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