Thanksgiving Thoughts and Consumer Confidence

Inflation rate remains steady at 0.2-0.3%.There's a 55% likelihood of a 25-basis-point rate cut by the Fed.A weak dollar supports easier debt repayment.Inflation is slowing but continues to rise.Shelter accounts for 18% of the Fed's preferred inflation gauge.Inflation edges up from 2.65% to 2.75%.Check out the key highlights:00:00 - Introduction to KP Tax Dollars and Cents01:03 - Consumer drives the US economy (70% GDP)02:25 - Ten-year Treasury rate update05:19 - Tariffs on Mexico, Canada, and China07:21 - Inflation projections and Fed meeting predictions08:37 - Retail sales10:23 - Consumer behavior11:24 - Thanksgiving message13:19 - Personal Consumption Expenditure (PCE) update 15:18 - Inflation outlook (December rate cut possibility)17:55 - Consumer confidence and jobs week previewCatch next weeks episode of KP Talks: https://linktr.ee/kptalksdollarsandsense#KPTalks #InflationUpdate #PCEreport #FederalReserveMeeting #InterestRateChanges #GlobalEconomicOutlook #MonetaryPolicy #InflationForecast #MarketVolatility #EconomicForecast #KPTalksDollarandSense