Wells Fargo's McMillion Sees Higher Markets by End of Year

The video discusses the impact of trade tariffs, primarily targeting China, and their potential effects on prices, consumers, and companies. It highlights the importance of resolving tariff issues to maintain economic growth. The discussion also covers consumer and business confidence, noting that while confidence remains high, any decline could affect capital expenditure and project timelines. The video concludes with an analysis of market volatility, influenced by tariffs and upcoming midterm elections, but notes that the economy is still growing at a steady pace.

What is the primary target of the trade tariffs discussed in the video?

• China

• India

• European Union

• Brazil

How might increased tariffs affect consumer prices?

• Stabilize prices

• Decrease prices

• Increase prices

• Have no effect on prices

What could be a consequence if consumer and business confidence starts to decline?

• Boost in consumer spending

• Postponement of projects

• Rise in employment rates

• Increase in capital expenditure

What is one of the key issues to watch in the second half of the year according to Wells Fargo?

• Inflation

• Interest rates

• Volatility

• Unemployment

What is the expected economic growth rate mentioned in the video?

• 3.5%

• 2.9%

• 1.5%

• 4.0%