Bad Weather Drives Down U.S. Feb. Retail Sales

The video discusses recent economic data, focusing on import prices and retail sales. Import prices showed slight improvement, while retail sales were worse than expected. The market's reaction was mixed, with some analysts accurately predicting the downturn. The video also explores the impact of cold weather and stimulus checks on economic activity, noting that while January saw a boost from stimulus spending, February's numbers were less favorable. The upcoming Federal Reserve meeting is highlighted as a key event to watch.

What was the percentage increase in import prices for the month?

• 1.4%

• 1.3%

• 0.5%

• 2.0%

How much did the retail sales numbers decline by, according to the latest data?

• 5.3%

• 2.7%

• 3%

• 3.5%

What was the revised retail sales percentage for January?

• 5.3%

• 7.6%

• 8.4%

• 6.0%

Which factor was NOT mentioned as affecting the retail sales numbers?

• Gasoline prices

• Interest rates

• Stimulus checks

• Cold weather

What was the market's reaction to the retail sales data?

• Indifference

• Confusion

• Optimism

• Pessimism