Pantheon Macroeconomics

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29th Jun 2022 00:20U.S., Daily Monitor

QT and higher rates will trigger a slowdown in loan growth and bank deposit growth...

...But the $3.5T in excess household deposits is real, and it can be spent, if people so choose.

Net foreign trade looks set to add about one percent- age point to Q2 GDP growth, and maybe more in Q3.

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Keywords for: Does QT Mean that People Cannot Spend Some of the Savings Stock?

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