How Jobless Claims, Retail Sales Data May Impact Fed

The video discusses the implications of recent economic data on GDP and the Federal Reserve's potential actions. Retail sales showed mixed results, with headline sales rising but core sales flat, affecting GDP projections. The Federal Reserve's response will depend on various data, including jobless claims, manufacturing indexes, and price changes. Jobless claims are at their lowest since May, indicating labor market strength. Manufacturing data shows mixed results, with significant price drops. Retail sales and payrolls suggest economic slowing, while CPI and financial conditions present challenges. The discussion concludes with considerations for potential interest rate changes.

What implications does the flat core retail sales have for the GDP?

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What factors are contributing to the Federal Reserve's decision-making process?

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How did jobless claims change, and what does this suggest about the labor market?

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What were the reported changes in the Empire Manufacturing and Philadelphia Fed indexes?

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What does the increase in earnings and the negative CPI indicate about the economy?

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