Julius Baer Says Trump's Infrastructure Plan Is Not Dead

The video discusses the impact of lower oil prices on inflation, highlighting how it reduces costs and affects unemployment rates. It examines copper prices as an indicator of global economic strength, noting a recovery in Asia. The US GDP forecasts are analyzed, with differing predictions from the Atlanta and New York Feds. The potential for a government shutdown and the implications of tax reform are also explored, considering political dynamics and their effects on the economy.

How do prolonged low oil prices affect inflation according to the transcript?

• They increase inflation by raising transportation costs.

• They suppress inflation by lowering transportation and energy costs.

• They have no effect on inflation.

• They increase inflation by raising food costs.

What is the NAIRU and its significance in the context of the US economy?

• A type of interest rate set by the Fed.

• A benchmark for full employment affecting inflation.

• A measure of inflation rates.

• A global economic indicator.

What does the transcript suggest about the recent trends in copper prices?

• Copper prices are rising due to strong US infrastructure plans.

• Copper prices are falling, indicating a negative outlook from investors.

• Copper prices are stable, showing no significant change.

• Copper prices are irrelevant to economic indicators.

What is the expected impact of the US tax reform plan on the economy?

• It will likely lead to a government shutdown.

• It is expected to boost the US stock market and economy.

• It will decrease the GDP growth rate.

• It will have no significant impact on the economy.

How do the Atlanta Fed and New York Fed's GDP forecasts differ?

• Atlanta Fed predicts higher growth than New York Fed.

• Neither provides a GDP forecast.

• New York Fed predicts higher growth than Atlanta Fed.

• Both predict the same GDP growth rate.