- US inflation eases (pages 2-8)
- Personal consumption resilient, despite dip in confidence (pages 9-13)
- Real GDP holding up, no recession (pages 14-17)
- Surveys look very weak, except future indicators for Philly Fed and NFIB (pages 18-23)
- House prices still turning down (pages 24-30)
- Very tight labour market, with new lows for jobless rate. But wage growth appears to be slowing (pages 31-40)
- Corporate profits remain strong (pages 41-44)
- Arrears still at rock bottom (pages 45-51)
- Federal government borrowing still a concern with QT (pages 52-55)
- Trade deficit narrows again (pages 56-64)
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