US Jobless Claims Fall, Consumer Spending Softens

The video discusses the latest jobless claims, which saw a slight increase, and the revisions to previous data. It highlights the income and spending numbers, focusing on the PCE inflation figures, which show a significant month-over-month increase. The core inflation rate remains stable, but the headline rate is affected by fluctuating energy prices. The Federal Reserve faces challenges due to these energy price changes. The video also covers adjustments in income and spending data, noting the impact of inflation on these figures.

What impact did energy prices have on the headline rate?

What was the change in spending on an inflation-adjusted basis?