The U.S. Consumer Is Fine: Picet Wealth Management

The video discusses the current state of the US consumer, highlighting the strength in retail sales and credit card data despite dismissive consumer surveys. It examines business surveys, noting strong order books but potential risks of fake orders. The discussion shifts to the Federal Reserve's tapering plans, emphasizing the likelihood of a cautious approach by Jerome Powell. Finally, the video explores inflation risks, considering the possibility of higher inflation rates and their impact on Fed policy.

What data does the speaker use to argue that the US consumer is doing well?

• Consumer surveys

• Stock market performance

• Unemployment rates

• Retail sales and credit card data

What is a potential risk mentioned in the business surveys section?

• Over-ordering leading to fake orders

• Decreasing stock prices

• Lack of consumer demand

• High unemployment rates

What is the Fed's plan regarding tapering by the end of the year?

• To increase bond purchases

• To taper before the end of the year

• To maintain current levels

• To stop tapering altogether

Why might the Fed delay tapering despite strong data?

• Because of high unemployment

• To increase consumer spending

• Due to low inflation rates

• To avoid political repercussions

What inflation rate is considered a risk for the Fed's current strategy?

• 1%

• 2%

• 3%

• 4%