U.S. Inflation Drops To 7.1% Over Past 12 Months

The video discusses the recent decline in the US inflation rate, which came in at 7.1% for November, beating expectations. President Biden claims this as evidence of successful economic policies. In contrast to rising inflation in other major economies, the US has seen a decline for five consecutive months. The stock market responded positively, with significant gains in major indices.

What was the inflation rate for November, and how did it compare to expectations?

• 7.1%, lower than expected

• 7.1%, higher than expected

• 7.7%, lower than expected

• 7.3%, as expected

How did President Biden interpret the recent inflation numbers?

• As a sign of economic decline

• As proof of successful economic policies

• As an indication of global economic trends

• As a temporary fluctuation

How does the U.S. inflation trend compare to other major economies?

• U.S. inflation is rising faster

• U.S. inflation is the same as others

• U.S. inflation is stable

• U.S. inflation is decreasing while others are rising

What was the immediate reaction of Wall Street to the inflation report?

• Stocks were volatile

• Stocks fell sharply

• Stocks remained unchanged

• Stocks climbed

Which stock index jumped 300 points at the opening bell following the report?

• S&P

• Russell 2000

• NASDAQ

• Dow Jones