Consumer Sentiment Rises From Record Low in December

The video discusses the recent hot CPI numbers and their implications. Consumer confidence has increased, with headline readings rising from 67.4 to 70.4. Inflation expectations remain stable, with one-year expectations at 4.9% and five to ten-year expectations at 3%. Despite a significant CPI number of 6.8%, consumer fear has not increased. The Federal Reserve's potential actions are considered, with historical context provided. Key inflation movers include gasoline and apparel, with market reactions showing a belief that inflation may be under control.

What was the headline reading for consumer confidence in December?

• 74.6

• 4.9%

• 67.4

• 70.4

What is the one-year inflation expectation according to the transcript?

• 70.4

• 6.8%

• 4.9%

• 3%

How does the current CPI number compare to historical figures?

• It's the highest since 1990

• It's the highest since 1982

• It's the same as last year

• It's the lowest since 1982

Which sector saw a 6.1% increase contributing to inflation?

• Food

• Apparel

• Gasoline

• Electronics

Who might be politically affected by the current inflation trends?

• Joe Biden

• University of Michigan

• Michael McKee

• The Federal Reserve