US Consumer Spending and Inflation Pick Up

The video discusses recent economic data releases, including personal income and durable goods orders, and their implications for the Federal Reserve's interest rate decisions. The PCE deflator shows stronger-than-expected inflation, putting pressure on the Fed to consider rate hikes. Market reactions are analyzed, highlighting yield curve inversions and potential impacts on future Fed policy. The video concludes with a discussion on inflation challenges and the likelihood of rate increases in the coming months.

What was the personal income growth rate mentioned in the video?

• 5/10 of a percent

• 6/10 of a percent

• 3/10 of a percent

• 4/10 of a percent

How did durable goods orders change compared to the previous month?

• Increased by 1.1%

• Decreased by 1.1%

• Remained flat

• Increased by 3.3%

What was the change in capital goods orders excluding aircraft?

• 1.4% increase

• 0.5% increase

• 1.0% decrease

• 2.0% decrease

What was the two-year yield mentioned in the video?

• 4.56%

• 4.58%

• 4.55%

• 4.57%

What is the likelihood of an interest rate move by July according to the video?

• 76%

• 56%

• 46%

• 86%