Can Eco Revisions Revive the Fed's Rate Hike Path?

The video discusses economic revisions, focusing on GDP forecasts and market expectations. It highlights the impact of political uncertainty on hiring and spending, with insights from the JOLTS survey and Duke University. The discussion also compares US and UK perspectives on political and economic uncertainty.

What was the revised GDP forecast for the first quarter after the update on consumer spending?

• 0.5%

• 1.2% to 1.4%

• 2.0% to 2.5%

• 3.0% to 3.5%

What was the surprising finding of the JOLTS survey?

• Stable job openings and hiring rates

• A record number of job openings but a drop in hiring

• An increase in hiring

• A decrease in job openings

What is one possible reason for the decline in hiring despite many job openings?

• Lack of qualified workers

• Rising wages

• High employee turnover

• Increased automation

According to the Duke University survey, what percentage of CFOs blame political uncertainty for delaying spending and hiring?

• 30%

• 50%

• 40%

• 60%

What is a common reason business leaders cite for not hiring, as discussed in the final section?

• High taxes

• Technological changes

• Obamacare concerns

• Lack of demand