Conference Board's Lundh: Data Signal Shallow Recession

The video discusses various economic indicators, highlighting a decline in consumer confidence, particularly among those over 55. It examines the impact of pandemic savings on consumer spending and anticipates a potential recession. The discussion also covers the debt ceiling deal's implications for entitlements and consumer behavior, as well as labor market trends showing a slight cooling off. Finally, it addresses how lower gas prices are affecting consumer sentiment and spending intentions.

What are the anticipated effects of stricter work requirements for entitlements on consumer behavior?

How is the labor market expected to change according to the forecasts mentioned?

What trends were observed in consumer spending intentions for vacations in May?