Northern Trust's Tannenbaum on US Economy

The video discusses the current state of the US job market, highlighting cooling job growth and wage gains, yet maintaining resilience. It explores the Federal Reserve's role in managing inflation, which remains above target despite recent declines. The impact of global economies, particularly China, on the US is examined, noting a shift from goods to services consumption. Challenges in controlling inflation are discussed, including geopolitical instability and a move away from globalization. Finally, the video addresses the US dollar's position amid political uncertainties and fiscal challenges.

What are the signs of consumer fatigue mentioned in the text?

How is globalization expected to affect inflation in the medium term?

What are the potential consequences of the US political situation on the dollar?