Pantheon Macroeconomics

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4th May 2022 00:20U.S., Daily Monitor

The Fed will hike by 50bp today; it’s too soon for Chair Powell to sound less hawkish, despite falling stocks...

...But we’re keen to see how much emphasis he puts on the coming drop in inflation and housing activity.

Mobility data signal upside risk for ISM services, after Omicron; ADP due too, but it doesn’t matter at all.

adp employment employment report energy energy prices fed headline index housing market ism January July June March May mortgage mortgage applications payroll payroll numbers policy S&P500 stocks us wage gains wage growth wages yields

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Keywords for: It's too Soon for Chair Powell to Sound Less Hawkish

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