Consumer Behavior Amid Economic Uncertainty | Episode 064 | 10-27-23

Markets with Megan: A Quick Financial Markets Update · Oct 27, 2023 · 3m · transcript

Megan Horneman, the Chief Investment Officer for Verdence Capital Advisors, discusses recent economic information, particularly focusing on inflation and consumer data. She mentions that the Fed's preferred inflation indicator, core PCE, rose on a month-over-month basis, in line with expectations. Consumer spending data is also highlighted, showing a 0.7% increase, exceeding personal income. She mentions the final reading on consumer confidence, which saw a dip in future expectations for the economy but a significant rise in one-year ahead inflation expectations. Megan also talks about how…