Downside Risk Surrounds U.S. Consumers: Citi Economist Hollenhorst

The video discusses the role of the American consumer in the economy, highlighting strong job and wage growth as positive factors. It examines jobless claims and potential economic risks, noting that current claims are low. The video also explores the impact of volatility on consumer confidence, which has remained stable. Finally, it looks at indicators that could signal a recession, such as declining consumer confidence and equity markets, and the softening of ISM non-manufacturing data.

Discuss the significance of jobless claims in assessing the economic situation.

What role does consumer confidence play in the overall economic outlook?