Key Inflation Measures Cool, Consumer Spending Picks Up

The video discusses recent economic data, including the employment cost index, personal income, and PCE numbers. It highlights a slight decrease in the employment cost index and personal income, with a focus on consumer spending and its implications for the economy. The analysis suggests a Goldilocks scenario of slowing growth and inflation but robust consumer spending. The video also examines wage pressures and super core inflation, indicating healthy wage growth despite contrasting views on inflationary pressures.

What was the change in the employment cost index from the first quarter?

• It increased from 1.2% to 1.5%

• It remained constant at 1.2%

• It decreased from 1.2% to 1%

• It increased from 1% to 1.2%

How did personal income change compared to the previous month?

• It remained the same

• It increased by 4/10

• It increased by 5/10

• It decreased by 1/10

What is the year-over-year headline PCE percentage?

• 2%

• 3%

• 4.1%

• 4.6%

What is the significance of the Super core inflation measure?

• It includes housing and services

• It excludes housing and focuses on core services

• It measures only wage growth

• It is unrelated to consumer spending

What was the highest increase in wages since January?

• 4/10 of a percent

• 5/10 of a percent

• 6/10 of a percent

• 7/10 of a percent