Ameriprise Financial Russell Price on U.S. Economy

The video discusses the latest jobs report, highlighting 340,000 new jobs in May and a decrease in the unemployment rate to 3.5%. Wage inflation is expected to ease, particularly at the lower end of the income spectrum. The Federal Reserve's policy is examined, with a focus on inflation control and interest rate adjustments. The possibility of a mild recession is considered, with emphasis on consumer health and supply-side issues. Finally, the video explores how the path of inflation affects market sentiment and financial performance.

What is the speaker's view on the possibility of a recession?

What factors are contributing to the inflationary pressures mentioned in the text?