In this insightful discussion, David Mericle, Chief US Economist, alongside consumer experts Kate McShane and Bonnie Herzog, dives into the resilience of US consumers amidst economic pressures. They analyze the impact of rising inflation on spending habits, highlighting the shift from discretionary purchases to essentials. The guests explore labor market stability and its connection to consumer strength, as well as how various income groups are adapting their shopping behaviors. Their expert insights provide a compelling look at the future of consumer spending.

Stephanie Roth, Chief Economist at Wolfe Research, shares her insights on the upcoming jobs report and the US economy's outlook. Amanda Lynam, from BlackRock, discusses the resilient corporate credit market amid slowing growth. Kate McShane of Goldman Sachs analyzes evolving consumer spending patterns and retail strategies, emphasizing inflation's impact. Lorenzo Simonelli, CEO of Baker Hughes, highlights growth opportunities in the energy sector for the latter half of 2024, focusing on market dynamics and production efficiency.