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In this video, Ira Epstein discusses recent developments in financial markets, focusing on upcoming economic data releases, including the personal income spending and PCE price index, which are expected to show moderate increases. He highlights the Federal Reserve's anticipated interest rate cut, noting a high probability of a quarter-point reduction, despite rising real interest rates.

Epstein also comments on the labor market, emphasizing stable jobless claims and expressing skepticism about the reliability of ADP numbers.

Additionally, he touches on geopolitical tensions affecting crude oil markets, particularly the ongoing Ukraine-Russia conflict, and its implications for Russian oil exports.

Video Length: 00:09:28

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