With continued concern about a looming U.S. recession, it seems like a good time to consult the latest U.S. Federal Reserve Macro Snapshot. Our Chief Equity Strategist and Economist, John Blank is here to help with that.

1. We’re talking about the FRED Macro Snapshot that updates quarterly, correct?

2. Let’s take the snapshot components one at a time. First, what’s it looking like for U.S. GDP for the year?

3. Next, Gross Domestic Income. This is a GDP component correct?

4. The snapshot also looks at Labor Market conditions and Consumer Price Inflation. What are the major trends about the health of our economy reflected in this snapshot?

5. Now just this morning we got new data on Personal Consumption Expenditures. How does that affect what we just talked about?

6. Does today’s inflation reading support a “soft landing” for the economy?

7. Does other new economic data out earlier this week alter the FRED snapshot at all?

8. Even though the latest published analytics show an increase of just over 7% in Black Friday merchandise sales, you wrote that this Christmas holiday shopping season could be more about experiences and services spending, than a focus on goods spending. Why?

9. You noted three major consumer leisure - revenge travel stocks recently. Royal Caribbean Cruises (RCL Quick QuoteRCL - Free Report) , Sands China (SCHYY Quick QuoteSCHYY - Free Report) and Live Nation Entertainment (LYV Quick QuoteLYV - Free Report) .

Our Chief Equity Strategist & Economist, John Blank, on what the FRED Macro Snapshot says about our economy. With John, I’m Terry Ruffolo.