Morning Meeting: July's Strong Payrolls Report

The video discusses the US economy's current state, focusing on a strong labor market and softer GDP numbers. Despite robust job growth, the Fed maintains its December rate hike plan. Janet Yellen's communication strategy at Jackson Hole is expected to be more hawkish, emphasizing slow normalization. Business investment remains weak, partly due to energy sector challenges, but potential recovery is anticipated.

What trends in consumption and business spending are highlighted in the conversation?

What is the anticipated impact of oil prices on business investment in the second half of the year?