Hurricane Harvey’s Impact to U.S. Economic Data

The video discusses the early economic impacts of a hurricane, focusing on GDP, jobless claims, and the Fed's policy decisions. It highlights the potential disruptions in motor vehicle sales and economic data. The discussion shifts to gas prices, analyzing their seasonal trends and the impact of supply disruptions. Finally, the video examines the effects on payroll and economic recovery, noting an initial lull followed by a surge in construction and labor participation.

What is the expected impact of the hurricane on jobless claims?

• A decrease by 50,000

• A decrease by 100,000

• An increase by 75,000 to 100,000

• No change

How did the Federal Reserve respond to Hurricane Katrina?

• By lowering interest rates

• By maintaining its gradualist policy

• By increasing interest rates

• By halting all monetary policies

What is the current trend in gas prices compared to last December?

• Gas prices are higher than expected

• Gas prices are lower than expected

• Gas prices are unpredictable

• Gas prices are in line with the trend

What is the expected sequence of events in payrolls following the hurricane?

• No significant change

• A lull followed by a surge

• A surge followed by a lull

• A continuous decline

What is the expected price per gallon of gas as of yesterday?

• $2.40

• $2.50

• $2.60

• $2.70