Three Must-See Charts Ahead of Next Week's Economic Data

The video discusses the current economic situation, highlighting the strong recovery but noting caveats such as the volatile trade and inventories components. It emphasizes the importance of inflation expectations from the University of Michigan's consumer survey, particularly among college-educated respondents. The video also covers wage growth, using the Employment Cost Index and Atlanta Fed measure, and examines the impact of nondurable goods like pharmaceuticals and tobacco on GDP. Overall, it provides insights into consumer trends, inflation, and wage growth, with implications for Federal Reserve policy.

What are the implications of the decline in inflation expectations for consumers?

What is the significance of the Employment Cost Index in understanding wage growth?

How did spending on pharmaceutical products and tobacco affect GDP?