Thanksgiving Thoughts and Consumer Confidence
Manage episode 453235634 series 3341576
Inflation rate remains steady at 0.2-0.3%.
There's a 55% likelihood of a 25-basis-point rate cut by the Fed.
A weak dollar supports easier debt repayment.
Inflation is slowing but continues to rise.
Shelter accounts for 18% of the Fed's preferred inflation gauge.
Inflation edges up from 2.65% to 2.75%.
Check out the key highlights:
00:00 - Introduction to KP Tax Dollars and Cents
01:03 - Consumer drives the US economy (70% GDP)
02:25 - Ten-year Treasury rate update
05:19 - Tariffs on Mexico, Canada, and China
07:21 - Inflation projections and Fed meeting predictions
08:37 - Retail sales
10:23 - Consumer behavior
11:24 - Thanksgiving message
13:19 - Personal Consumption Expenditure (PCE) update
15:18 - Inflation outlook (December rate cut possibility)
17:55 - Consumer confidence and jobs week preview
Catch next weeks episode of KP Talks: https://linktr.ee/kptalksdollarsandsense
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