Inflation Remains Stuck, But That Doesn't Mean Recession

Data this week points to a U.S. economy that continues to power forward, notes Stephen Kolano. He and Nate Thooft discusses inflation. Stephen suggests that growth and economic reports continue to surprise to the upside while inflation remains stuck at current levels. He also mentions that employment data out late next week will play an important role in providing insight into the labor markets. They also talk about how the Fed's rate hikes are impacting inflation. Nate notes that the inflation side of PCE was essentially in-line, while real spending was cooler. He also mentions that we're not at a point where weak growth and recessionary conditions look imminent. Tune in to find out more about the stock market today.