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27th Aug 2021 00:10U.S., Economic Monitor

  • Chair Powell can't signal a tapering start date today because the Fed first needs to see fall labor data.
  • Expect the usual themes instead; inflation will be "transitory", insufficient progress to taper, and Delta risk.
  • Upside risk for both consumers' spending and the core PCE deflator in today's July data.

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Keywords for: US 27 Aug 2021 More of the Same from Chair Powell Today, Waiting for Fall Labor

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