Lynn Reaser
Lynn Reaser
affecting certainly consumer continued economy-and-economics energy higher increase job level market prevent prices psychology relative spending strength underlying
The higher level of energy prices is certainly affecting the psychology of consumers. But the underlying strength of the economy, and the continued increase in the relative strength of the underlying job market should prevent consumer spending from collapsing.
ahead beginning chance consumer consumers employees improving increases job market oil prices receiving somewhat stay wage year
The improving job market is boosting consumer sentiment. Employees are beginning to see a somewhat better chance of receiving wage increases this year. If oil prices stabilize as we expect, consumers this year should see their paychecks stay ahead of inflation.
above along components costs delivery easing energy lower paid point prices relief
All the components are above the break-even point of 50. There is also relief in the prices paid component from lower energy costs along with easing in delivery time.
economy firing good growth oil pose prices quarter risk second track
The economy was pretty much firing on all cylinders, and the second quarter showed us still on a good growth track ... but oil prices pose a risk to growth and inflation.
almost continuing economy economy-and-economics firing resilience seen time
The economy was firing on almost all cylinders. It is continuing to show the resilience we've seen time and time again.
appears economy economy-and-economics expand half likely pace percent remains second solid
The economy remains very solid and it appears likely to expand at a pace of 4-1/2 percent to 5 percent in the second half of the year.