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.

How might the recent economic data affect the Federal Reserve's decision on interest rates?

What is the current probability of a rate move by the Federal Reserve in June and July?