U.S. Consumer Prices Rise By More Than Expected

The transcript discusses the recent economic performance, highlighting a significant rise in CPI and PPI, with detailed analysis of various economic indicators such as gasoline, housing, and mortgage rates. It also covers market reactions, including equities and bond market movements, and debates on inflation and economic recovery. The discussion concludes with predictions on economic growth and potential stagflation.

What was the unexpected rise in the core rate from the previous month?

• 1.2% to 1.6%

• 0.8% to 1.2%

• 1.0% to 1.4%

• 1.5% to 1.9%

Which index accounted for about a quarter of the monthly increase in the headline CPI number?

• Gasoline Index

• Housing Index

• Clothing Index

• Food Index

What was the change in the rent of primary residence index?

• Up 2/10 of a percent

• Down 1/10 of a percent

• No change

• Up 3/10 of a percent

What was the reaction of the S&P 500 to the economic data?

• It rose by 2%

• It remained unchanged

• It rose by 1/2 of 1%

• It fell by 1%

What is the debate in the markets regarding inflation?

• Whether the stock market will crash

• Whether there will be an outbreak of inflation

• Whether the Fed will lower rates

• Whether inflation will decrease

What is the potential economic condition discussed that hasn't been seen since the 1970s?

• Deflation

• Stagflation

• Recession

• Hyperinflation

What upcoming data is important for understanding the economic recovery?

• Retail sales data

• Manufacturing data

• Unemployment data

• Export data