Fed's Brainard Says Harvey to Impact Payrolls Short-Term

The video discusses the synchronized global economic growth and the impact of Hurricane Harvey on the economy. It highlights the disconnect between full employment and low inflation, and the ongoing normalization of the federal funds rate. Business investment has increased, particularly in equipment and intellectual property, while consumer spending has rebounded after a slow start. The economic effects of Hurricane Harvey are expected to affect GDP in the short term, with a rebound anticipated by year-end.

What are the uncertainties surrounding government funding and the fiscal outlook?

How has Hurricane Harvey impacted the macroeconomic landscape?

What developments have been observed in business investment this year?

What is the significance of the recent readings on retail sales?

What are the expected effects of Hurricane Harvey on GDP?