ISM Ends 'Slim to None' Sept. Fed Hike Chance: Riccadonna

ISM Ends 'Slim to None' Sept. Fed Hike Chance: Riccadonna

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the Federal Reserve's stance on a potential September rate hike, highlighting that the chances are slim due to current economic conditions. It emphasizes that policymakers are cautious about moving too soon, given the significant downside risks. Positive economic indicators like revised unit labor costs and construction spending are noted, but overall growth projections remain challenging. The Fed aims for 2% growth, requiring strong performance in the year's second half, which seems unlikely. Wage pressures are building, but not at a pace that would cause concern.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the general consensus about the possibility of a September rate hike?

It was not discussed.

It was already decided.

It was extremely remote.

It was highly likely.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the 'overlooked line' in Yellen's statement believed to indicate?

A potential rate hike in September.

A change in fiscal policy.

A decrease in interest rates.

An immediate economic boost.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic indicator was revised higher, contributing to a positive outlook?

Retail sales

Factory output

Unit labor costs

Consumer spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Fed's growth target for the year, according to the discussion?

2%

3%

4%

1%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are unit labor costs expected to impact inflation?

They will have a moderate impact.

They will decrease inflation.

They will have no impact.

They will cause rapid inflation.