U.S. Jobless Claims Fall 2,000 to 238,000

The video discusses core PCE data, jobless claims, and personal income and spending, noting that core PCE is in line with expectations. Michael Feroli from JP Morgan provides insights on the Federal Reserve's debate over inflation and consumer spending, highlighting that while there is some improvement, it may not be sufficient for the more cautious members of the Fed. The discussion also touches on consumer spending trends and the economic outlook for the coming months.

What was the revised year-on-year core PCE percentage mentioned in the video?

• 1.8%

• 1.6%

• 1.4%

• 1.2%

How did the initial jobless claims compare to expectations?

• Higher than expected

• Lower than expected

• Exactly as expected

• Not mentioned

What is Michael Feroli's view on the impact of the core PCE data on the Federal Reserve's debate?

• It will end the debate

• It aligns with expectations and doesn't change much

• It will cause immediate policy changes

• It will significantly change the debate

What was the saving rate increase mentioned by Michael Feroli?

• 3.5%

• 3.0%

• 2.5%

• 3.2%

According to Michael Feroli, how does consumer spending look for the fourth quarter?

• Weak and declining

• Stable with no change

• Unpredictable and volatile

• Strong and getting off to a good start