US Consumer Confidence Hits 16-Month Low

US Consumer Confidence Hits 16-Month Low

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the weakening of consumer confidence due to rising gas prices, mortgage rates, and inflation. Dana Petersen, a chief economist, provides insights into the economic indicators, highlighting a potential recession. The discussion covers the impact of inflation on consumer expectations, the Federal Reserve's response, and future economic challenges. The video emphasizes the importance of understanding these economic trends and their implications for consumers and markets.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the revised consumer confidence number mentioned in the first section?

98.7

106.4

103.2

100.0

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Dana Petersen, what is a significant factor contributing to the decline in consumer confidence?

Lower housing costs

Stable interest rates

Rising energy prices

Decreasing wages

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a consumer expectations number below 80 indicate?

Economic growth

Recession signal

Stable economy

Inflation decrease

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Federal Reserve's primary concern according to the third section?

Unemployment rates

Stock market performance

GDP growth

Inflation expectations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Federal Reserve plan to address inflation according to the discussion?

Lowering interest rates

Reducing government spending

Increasing government spending

Increasing interest rates

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What impact would a significant drop in gas prices have on consumer confidence?

No impact

Decrease in confidence

Increase in confidence

Stabilization of confidence

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What external factor is mentioned as influencing food and energy prices?

Technological advancements

Trade agreements

War in Ukraine

Climate change