Mark Vitner
Mark Vitner
beer cars consumers core dollars fewer gasoline helping higher left money move net order prices result seems spent
While it seems counterintuitive, higher gasoline prices are actually helping restrain core inflation, ... With more money being spent for gasoline, consumers have fewer dollars left for discretionary purchases. The net result is that firms are slashing prices on everything from cars to beer in order to move product.
consumers
It is important to look at what consumers are doing, not what they are saying,
affect beautiful consumers gasoline higher market prices stock weather
It (consumer sentiment) was a little higher than expected, but the stock market has come back, gasoline prices have come down, and the weather has been beautiful and that has to affect consumers somewhat.
behavior change changes consumers eat effect felt further gasoline gradually high months prices recent seen stay
High gasoline prices gradually eat away at income. The effect isn't felt all at once. We have seen consumers change their behavior in recent months and there should be further changes if prices stay at these levels.
consumers economy-and-economics fairly holiday season worried
Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum,
both bright concerned consumers economy employment figure less likely rapidly rise sitting spending spot stock
The more important figure (than confidence) for the economy is what consumers actually do. Consumers are not sitting on their wallets just yet. But that is about the only bright spot in this morning's report. With consumers concerned about both their stock portfolios and employment prospects, spending will likely rise a little less rapidly this fall.
consumers economy economy-and-economics housing leadership shift unusual
The leadership in the economy is going to shift from housing and consumers to businesses. There's nothing unusual about that. It's healthy.
combined employee growth health inability job prices raise reason selling single
When combined with the run-up in employee health-care costs, ... the inability to raise selling prices is the single most important reason that job growth has been lagging so much during this recovery.
add combined difficult employer existing forces gains health next work year
When combined with the anticipated double-digit gains in employer health-care costs, manufacturers may find it very difficult to add to their payrolls next year and may opt to work their existing work forces longer.
believe continue deflation fairly goods odds outright pricing producers remain
While goods producers continue to have little to no pricing power, we still believe the odds of outright deflation remain fairly low.
building business consumer driven economy home shifting spending
We're shifting from an economy driven by consumer spending and home building to one driven by business investment.
april folks interest pulled rates sales
With so many folks sensing that interest rates were rising, we probably had some sales pulled from April into March,
budget deficit federal government increases interest means rates tax
When the federal government increases the budget deficit it increases interest rates on everybody, so it is like a tax increase on borrowing. What that means is that mortgages will be more expensive.
across low places quite time
Unemployment is low in places that were and were not impacted by hurricanes. It has been low for quite some time all across the state.