U.S. Retail Sales Up 1% In June, Easing Fears Of A Recession

The video discusses the latest economic indicators, focusing on retail sales, which rose by 1% in June, surpassing expectations. This increase is significant as it follows a decline in May, alleviating some recession fears. The discussion also touches on inflation, with the CPI reaching a new high of 9.1%, and anticipates a slight rise in consumer confidence based on the University of Michigan's index. The video concludes with a note on upcoming reports.

What was the percentage increase in retail sales for June, according to the latest report?

• 0.5%

• 1.4%

• 1%

• 0.8%

How did retail sales perform in May compared to April?

• Increased by 0.5%

• Remained the same

• Decreased by 0.3%

• Increased by 1%

What was the retail sales growth in March of this year?

• 0.8%

• 1%

• 1.4%

• 0.5%

What recent change was observed in the Consumer Price Index (CPI)?

• Increased by 9.1%

• Increased by 1%

• Decreased by 0.5%

• Remained stable

What is the expected change in the University of Michigan's Consumer Confidence Index?

• Decrease by 0.2 points

• Increase by 0.2 points

• Remain unchanged

• Increase by 1 point