Three Must-See Charts About Friday's U.S. Economic Data

The video discusses the July sales report, highlighting consumer spending's role in GDP. It examines the relationship between auto and retail sales, noting a potential slowdown. Inflation expectations and their impact on consumer behavior are explored, with insights from the University of Michigan survey showing improved financial sentiment. The video concludes with a discussion on inflation expectations post-Brexit.

What is the significance of the statistic regarding people feeling worse off financially since 2007?

What implications does the Fed's desire for rising prices have on consumer spending?