Prestige Economics' Schenker on Economy

The video discusses the Federal Reserve's approach to managing inflation through rate hikes, with a focus on upcoming 50 basis point increases. It highlights the dual mandate of the Fed, emphasizing full employment and stable prices, and examines the strength of the labor market despite layoffs. The video also explores the impact of energy prices on inflation and the global economic slowdown, with a particular focus on oil and natural gas prices. Key economic indicators and the Fed's data-dependent strategy are also discussed.

What is the expected basis point increase by the Federal Reserve on December 14th?

• 100 basis points

• 75 basis points

• 50 basis points

• 25 basis points

What is the Federal Reserve's dual mandate?

• Low unemployment and high GDP growth

• High employment and high inflation

• Stable currency and balanced budget

• Full employment and low, stable prices

Despite frequent layoff announcements, which sector is primarily responsible for these layoffs?

• Healthcare

• Retail

• Technology

• Manufacturing

What is a key factor that could add to inflation according to the discussion on energy prices?

• Decreasing oil prices

• Stable natural gas prices

• High natural gas prices

• Increasing coal prices

What recent decision by OPEC could influence oil prices?

• Halting production entirely

• Increasing production by 2 million barrels per day

• Reducing production by 2 million barrels per day

• Maintaining current production levels