U.S. May Retail Sales Rise More Than Expected

The transcript discusses the economic data for May and April, highlighting a revision in April's figures and the implications for the economy. It analyzes the volatility of the data and its impact on consumer perception. The discussion then shifts to the Federal Reserve's potential rate decisions, considering factors like the G20 outcomes and tariffs on Chinese imports. Overall, the data does not indicate an urgent need for the Fed to cut rates.

What was the revised economic growth rate for April?

• 1/10 of 1%

• 5/10 of 1%

• 3/10 of 1%

• Negative 2/10 of 1%

What does the economic data suggest about the necessity for the Federal Reserve to cut rates?

• There is no urgent necessity for the Fed to cut rates.

• The Fed should consider cutting rates next week.

• The Fed must cut rates immediately.

• The Fed should increase rates.

Who are the experts brought in to discuss the Federal Reserve's decision-making process?

• Catherine Rooney and Katie Nixon

• David and Catherine Rooney

• Catherine Rooney and President Trump

• Katie Nixon and David

What event could potentially influence the Federal Reserve's decision to cut rates?

• Failure of the G20 summit

• Decrease in consumer spending

• A successful G20 summit

• Increase in Chinese imports

What action by President Trump could impact the Federal Reserve's rate decision?

• Signing a new trade deal with China

• Increasing tariffs on Chinese imports

• Visiting China for negotiations

• Reducing tariffs on Chinese imports