Fed's Preferred Inflation Measures Cool, Spending Stalls

The video discusses inflation trends, focusing on PCE data and its implications for the economy. It highlights changes in personal income and spending, noting the Fed's interest in the deflator. The service sector statistics show a decrease in core services inflation, while wages have risen. The video also covers employment forecasts, predicting a slight drop in unemployment and an increase in job numbers.

What was the PCE inflation rate on a headline basis for the recent month?

• 0.1%

• 0.4%

• 4.0%

• 3.8%

How did the Core Services excluding Housing change in May?

• Increased to 0.42

• Decreased to 0.23

• Remained at 0.42

• Increased to 0.53

What was the revised personal income gain for April?

• 0.1%

• 0.6%

• 0.8%

• 0.4%

What was the percentage increase in wages, the strongest since January?

• 0.5%

• 0.6%

• 0.3%

• 0.4%

What is the expected change in unemployment for the upcoming jobs report?

• Increase to 4.0%

• Remain at 3.7%

• Decrease to 3.6%

• Increase to 3.8%