US to Remain Recession Free This Year: Economist Zandi

The video discusses the challenges of tracking economic data, focusing on forward-looking indicators like consumer confidence. It highlights the importance of consumer confidence in predicting recessions, noting recent positive data from the Conference Board and University of Michigan. The discussion shifts to the US economy's resilience to interest rate hikes, suggesting a higher terminal rate might be sustainable. Finally, it covers inflation trends, predicting a graceful decline in prices, allowing the Federal Reserve to maintain its current policy.

What is the significance of consumer confidence as an economic indicator?

How does a loss of consumer confidence potentially lead to a recession?

What recent data points were mentioned regarding consumer confidence?

What is the speaker's outlook on the Federal Reserve's ability to affect economic conditions?

What factors are expected to contribute to the decline in inflation according to the speaker?