Inside the Economy: Consumer Economy, Tariffs, Economics of Russia in Europe
Description
This week on Inside the Economy, we analyze the strength of consumers in the economy, trade and tariffs, and economics of Russia in Europe. The economic report is still providing minimal worry signs for the current state of the economy. Consumer spending ticked down slightly in February—but has generally remained on trend. What events may have impacted consumer spending in the first quarter? Tariff strategies have been implemented at higher levels than expected but have recently been scaled back. Vietnam was the first country to enter negotiations with the U.S.—what is being discussed with Scott Bessent? What other countries have started talks with the U.S.? Meanwhile, European nations are recognizing the importance of Russia’s vast hydrocarbon supply as energy costs continue to rise. How does U.K. household electricity spending compare to that of the U.S.? Tune in to learn more!
Key Takeaways:
- S. Core CPI at 2.8 (YOY)
- Unemployment at 4.2%
- Discretionary Consumer Spending increased 2.1% in February (YOY)
United States
