This week we cover the Fed’s puzzling projections, falling inflation, and the European elections. We shine our spotlight on the ups and downs of a consumer recession.

The Week in Review (1:15) — Did the Fed even look at the soft inflation report that dropped during its meeting?

The Week Ahead (12:44) — The BoE rate decision headlines the week, while retail sales and industrial production data drop stateside.

The Spotlight (13:38) — Where do consumers cut the most in recessions — and how should your portfolio be positioned?

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Fed Does Its Best to Sound Hawkish — It Will Backfire