Pantheon Macroeconomics
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15th Jul 2022 15:55U.S., Daily Monitor, Weekly Monitor
Consumption likely rose at a 1.4% annualized rate in Q2; not bad, under the circumstances.
Non-auto manufacturing is sliding towards recession, but it is not representative of the whole economy.
The plunge in energy prices means that the July PPI likely will rise by only a couple tenths.
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