US Jobless Claims Rise for First Time in Three Weeks

The video discusses the current economic situation, highlighting jobless claims and potential economic challenges. It contrasts public and private data, noting a slowdown in spending momentum, especially among lower-income groups. Wealthier individuals continue to spend, but a recession risk is estimated at 60%. Upcoming government data on income, spending, and inflation will be crucial for understanding the economic outlook.

What data is expected to be released tomorrow regarding income and spending?

What uncertainty remains regarding inflation and the Fed's actions?