Q4 Economic Data Pointing Towards Weakness | Episode 078 | 11-30-2023

Markets with Megan: A Quick Financial Markets Update · Nov 30, 2023 · 2m · transcript

In today's episode of "Markets with Megan," we take a look into key economic indicators from October, focusing on personal income and spending, the labor market, inflation, and pending home sales. Despite personal income and spending hitting expectations, the personal savings rate edged up, though it remains notably lower than the 20-year average. Megan talks about the unchanged initial jobless claims but mentions a significant increase in continuing claims, signaling challenges in the labor market. The Fed's preferred gauge for inflation, the PCE core, showed that the year-over-year figure…