What Is the State of the U.S. Economy?

The video discusses the slow economic growth rate, emphasizing the importance of consumer spending in Q2. It highlights the role of retail sales, particularly the shift towards online shopping, and analyzes sales data excluding auto and gas sales to understand consumer momentum. The video stresses the need for strong consumer spending to meet the Fed's growth target.

What is the average growth rate mentioned in the text, and why is it considered dangerously slow?

What factors are suggested to be critical for consumer spending in the second half of the year?

What is the significance of the July retail sales day mentioned in the text?

How has consumer spending composition changed according to the text?

What does the text suggest about the relationship between auto sales and overall consumer spending?