U.S. Personal Spending Surprises With 1% Gain in June

U.S. Personal Spending Surprises With 1% Gain in June

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Business

University

Hard

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The transcript discusses various economic indicators, including personal spending, employment cost index, and inflation. It highlights the unexpected rise in personal spending and the softer-than-expected employment cost index. The discussion also covers revisions in personal income and spending data, suggesting mixed economic signals and potential implications for Federal Reserve policies.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the median estimate for personal spending in June?

1%

0.9%

Negative 0.3%

0.7%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the employment cost index for the second quarter compare to expectations?

It was not reported

It matched expectations

It was lower than expected

It was higher than expected

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the standout number in the mixed data discussed?

Inflation rate

Interest rate

Personal spending

Employment rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the year-on-year inflation rate for June?

0.4%

3.7%

3.5%

0.6%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the revision in real personal spending for the month prior?

Up 6/10 of a percent

Down 4/10 of a percent

Down 6/10 of a percent

Up 4/10 of a percent