What was the market's reaction to the economic report according to the first section?
HSBC's Bloom Sees No Pick-Up in Wages in U.S.

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The dollar strengthened significantly.
Wage inflation increased dramatically.
Unemployment rates rose sharply.
There was a slight squeeze but it was given back.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge does the Federal Reserve face according to the second section?
Predicting the exact number of red Ferraris sold.
Decreasing interest rates to zero.
Increasing unemployment rates.
Maintaining a consistent inflation target.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the estimated monthly increase in CPI since 2015?
0.3%
0.5%
0.1%
0.2%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do economists often get inflation predictions wrong according to the final section?
They underestimate the impact of bonds.
They overestimate wage inflation.
They consistently predict higher inflation than what occurs.
They predict higher unemployment rates.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the consequence for economists who repeatedly make incorrect inflation predictions?
They are promoted within their firms.
They receive government support.
They are removed from the market.
They gain more credibility.
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