Fed Watch with Brian Beaulieu || May 24, 2024

This week on Fed Watch, ITR Economics Chief Economist Brian Beaulieu reviews the latest monthly data from April and provides insight into how this data might influence the Federal Reserve Board’s decision-making when it comes to lowering interest rates in the second half of the year.
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00:22 - Overview of the data trends for April
00:46 - April data for automobile production
01:05 - Home sales data trends
01:47 - Money supply data released by the Fed this past week
02:33 - Housing permits data
02:57 - Purchasing Manager’s Index data from the Institute of Supply Management
03:46 - Summary and conclusion