U.S. Economy Returned To Growth Last Quarter, Expanding 2.6%

The video discusses the recent GDP report showing a 2.6% growth, surpassing expectations and boosting economic confidence. The White House is relieved by these numbers, countering recession fears. Despite positive signs, the Federal Reserve is expected to continue raising interest rates to combat inflation, with a potential rate hike announcement next week.

What was the GDP growth rate for the third quarter as reported?

• 1.4%

• 2.3%

• 0.6%

• 2.6%

How did consumer spending change in the last quarter?

• It decreased by 1.4%

• It remained the same

• It increased by 1.4%

• It increased by 2.6%

What was the White House's reaction to the GDP report?

• They were indifferent

• They were disappointed

• They were relieved

• They were concerned

What is the Federal Reserve expected to do in their next meeting?

• Stop raising rates

• Announce another rate hike

• Lower interest rates

• Keep interest rates the same

What is the main challenge that the administration is focusing on?

• Stock market volatility

• Inflation

• Trade deficit

• Unemployment