US Seeing Consumer's 'Last Stand,' Stifel's Piegza Says

The video discusses the current state of consumer activity and confidence, noting a rise in activity but a decline in confidence. It highlights concerns about increased credit card debt and the depletion of savings. The market's reaction to inflation data is examined, with questions about whether current trends are temporary. The Federal Reserve's perspective is analyzed, focusing on the need for a decline in consumer activity and job destruction to reduce wage pressures. The Fed's focus on core services excluding housing is also discussed, with an emphasis on the need for further economic slowing.

What does the text suggest about consumer confidence at the start of the year?

How are households managing their savings according to the text?

What is the Fed's perspective on inflation data as mentioned in the text?

What does the text imply about the relationship between consumer activity and job destruction?

What areas does the Fed focus on regarding the wage price spiral?