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26th Jul 2021 00:30U.S., Economic Monitor

Some of the near-real-time data are flattening; don't worry, it had to happen, and some will re-accelerate.

The recovery is still on track, though we'll be much happier once clarity emerges in the labor market.

We see hefty downside risk to June new home sales; forecasts ignore the plunge in mortgage demand.

April August base effects December economy employment forecasts growth home sales households international travel jobless claims July June labor March May mortgage mortgage applications new home sales payroll payroll growth private sector production q3 q4 remain savings September summer survey u.s.

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