Three Must-See Charts About the U.S. GDP Report

The video discusses the US GDP growth, highlighting a disappointing 1.2% increase, and examines wage growth through the employment cost index. It explores consumer spending's role in supporting the economy, despite weak business investment, partly due to oil's impact. The University of Michigan survey reveals consumer confidence amid market volatility. The BOJ's decision to relax dollar funding constraints for Japanese banks is analyzed, considering its effects on Libor and financial conditions.

What is the employment cost index used to measure?

• Overall economic growth

• Business investment levels

• Wage growth for specific jobs

• Consumer spending trends

How did personal consumption contribute to the US GDP in the second quarter?

• It increased by 4.2%

• It had no impact

• It remained stable

• It decreased significantly

What factor was mentioned as dragging down business investment?

• Increased wage growth

• Oil prices

• High consumer spending

• Rising interest rates

What does the University of Michigan survey indicate about consumer confidence?

• It indicates strong consumer confidence despite market volatility

• It shows a decline in consumer spending

• It highlights an increase in business investment

• It suggests a decrease in wage growth

What was the Bank of Japan's action that affected Japanese bank stocks?

• Increased interest rates

• Relaxed dollar funding constraints

• Decreased consumer spending

• Introduced new banking regulations

What is driving the increase in Libor rates?

• Money market reforms

• Business investment

• Consumer spending

• Wage growth

Which banks are most dependent on US money markets?

• European banks

• American banks

• Japanese banks

• Chinese banks