Recession May Have Started: Conference Board's Peterson

The video discusses the current economic climate, highlighting consumer sentiment affected by rising prices and potential layoffs. It examines recession indicators, forecasting a recession starting in the fourth quarter and extending into the next year. The discussion covers consumer spending trends, particularly the impact on lower-income groups and the socioeconomic divide. The video also explores the potential effects of inflation on the upcoming holiday shopping season and consumer confidence, emphasizing the role of gas and food prices.

What indicators suggest that a recession is imminent according to the text?

What does the text suggest about consumer spending during the holiday season?

How might changes in gas prices impact consumer confidence?