Encore: Oil Prices, Retail Sales & Fed's Beige Book

The transcript discusses various economic topics, including Russia's economic resilience due to the strong US dollar and oil prices, the importance of digital influence on consumer purchases, trends in vehicle sales, and the impact of wage growth and employment trends on the US economy. It highlights the significance of digital presence in consumer behavior and the potential for wage growth due to low unemployment rates.

How does the strength of the US dollar impact oil prices for countries like Russia?

• It increases the cost of oil for Russia.

• It shields Russia from price declines.

• It has no effect on oil prices.

• It decreases the demand for oil in Russia.

What percentage of consumer purchases are influenced by digital interactions?

• 25%

• 50%

• 75%

• 100%

What is the average age of vehicles in the current fleet?

• 15 years

• 12 years

• 8 years

• 9 years

What is the significance of the quit rate reaching a six-year high?

• It indicates a decrease in job opportunities.

• It suggests increased confidence in bargaining potential.

• It shows a decline in consumer spending.

• It reflects a rise in unemployment.

What percentage of consumer spending gains in 2014 were driven by new job creation?

• 50%

• 60%

• 67-68%

• 75%