Ameriprise Financial Russell Price on U.S. Economy

The video discusses the latest jobs report, highlighting 340,000 new jobs in May and a decrease in the unemployment rate to 3.5%. Wage inflation is expected to ease, particularly at the lower end of the income spectrum. The Federal Reserve's policy is examined, with a focus on inflation control and interest rate adjustments. The possibility of a mild recession is considered, with emphasis on consumer health and supply-side issues. Finally, the video explores how the path of inflation affects market sentiment and financial performance.

What was the reported change in the unemployment rate in May?

• Decreased to 3.5%

• Increased to 4.0%

• Increased to 3.7%

• Remained at 3.8%

What is the expected trend for wage inflation over the next 12 months?

• Significant increase

• Slight decrease

• Sharp decrease

• Remain stable

What is the Federal Reserve's preferred measure for inflation?

• Gross Domestic Product Deflator

• Personal Consumption Expenditure Price Index

• Producer Price Index

• Consumer Price Index

What is one of the main causes of the current inflationary pressures?

• High consumer demand

• Rising interest rates

• Supply-side issues

• Increased government spending

What is the potential impact of a mild recession according to the discussion?

• Severe economic downturn

• Short and mild impact

• Long-term economic stagnation

• Rapid economic recovery