U.S. Retail Sales Up 1% In June, Easing Fears Of A Recession

The video discusses the latest economic indicators, focusing on retail sales, which rose by 1% in June, surpassing expectations. This increase is significant as it follows a decline in May, alleviating some recession fears. The discussion also touches on inflation, with the CPI reaching a new high of 9.1%, and anticipates a slight rise in consumer confidence based on the University of Michigan's index. The video concludes with a note on upcoming reports.

What was the reported CPI increase earlier this week?

What does the Consumer Confidence Index measure?