Jobs, Oil Behind Rising Consumer Confidence: Purves

The transcript discusses the current economic situation, highlighting job growth and oil surplus as positive factors. It examines the Federal Reserve's focus on deflationary dynamics and how these influence their decisions on interest rates. The impact of oil price volatility on market sentiment is analyzed, with predictions on future market movements. The discussion concludes with insights into consumer confidence and its effect on equity markets.

What is one of the factors the Federal Reserve considers when deciding on interest rates?

• Consumer confidence levels

• Deflationary dynamics

• Stock market performance

• Unemployment rates

How has the rapid decline in oil prices affected financial markets?

• Volatility and pressure on large funds

• Increased stability in equity markets

• Improved consumer spending

• Higher inflation rates

What is the significance of the VIX moving up to 20?

• Shows a decrease in oil prices

• Reflects increased market volatility

• Indicates market stability

• Suggests a rise in consumer confidence

What is the potential impact on equity markets if oil prices stabilize?

• Markets may rise by 3 to 4%

• Markets may become more volatile

• Markets may decline further

• No significant impact

What was the consumer confidence number mentioned in the video?

• 88.4

• 93.8

• 90.2

• 85.6