Citigroup's Clark on U.S. Economic Health

The video discusses the potential for a US recession in 2023, with Deutsche Bank issuing a warning. It examines consumer savings and spending trends, noting a shift from goods to services. The impact of inflation on consumer behavior is analyzed, with a focus on how it affects spending on goods and services. The Federal Reserve's monetary policy, including interest rate hikes and balance sheet management, is explored, highlighting the challenges of balancing inflation control with economic growth.

What are the implications of the strong labor market on consumer spending despite falling real wages?

How does the balance sheet run-off relate to interest rate hikes in the current economic context?

What is the significance of the Federal Reserve's methodical approach to interest rate hikes?