Three Must-See Charts About Friday's U.S. Economic Data

The video discusses the July sales report, highlighting consumer spending's role in GDP. It examines the relationship between auto and retail sales, noting a potential slowdown. Inflation expectations and their impact on consumer behavior are explored, with insights from the University of Michigan survey showing improved financial sentiment. The video concludes with a discussion on inflation expectations post-Brexit.

What is the significance of the statistic regarding people feeling worse off financially since 2007?

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What implications does the Fed's desire for rising prices have on consumer spending?

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