Richard Curtin

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Last quote by Richard Curtin

Consumer confidence rose in the first half of August to its highest level since January due to a more positive outlook for the overall economy as well as more favorable personal financial prospects.feedback
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Aug 18 2017
Richard Curtin has most recently been quoted in an article called U.S. Consumer Sentiment Rose in August. Richard Curtin said, “The fallout is likely to reverse the improvement in economic expectations recorded across all political affiliations in early August.”. Richard Curtin has been quoted a grand total of 36 times in 27 articles.
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Richard Curtin quotes

Mar 31 2017 - Unemployment

It is a rare situation that combines increasing optimism, which promotes spending, and rising uncertainty which makes consumers more cautious spenders.feedback

Mar 31 2017

The data indicate that real consumer spending will advance by 2.7 percent in 2017, but those gains will be uneven over time and across products.feedback

Mar 17 2017

The Current Economic Conditions component reached its highest level since 2000, largely due to improved personal finances. While current economic conditions were not affected by partisanship, this was not true for the component about future economic prospects: among Democrats, the Expectations Index at 55.3 signaled that a deep recession was imminent, while among Republicans the Index at 122.4 indicated a new era of robust economic growth was ahead.feedback

Feb 24 2017

Overall, the Sentiment Index has been higher during the past three months than anytime since March 2004. Normally, the implication would be that consumers expected Trump's election to have a positive economic impact. That is not the case since the gain represents the result of an unprecedented partisan divergence, with Democrats expecting recession and Republicans expecting robust growth.feedback

Jan 27 2017

The post-election surge in confidence was driven by a more optimistic outlook for the economy and job growth during the year ahead as well as more favorable economic prospects over the next five years. Overall, the post-election surge in consumer confidence was based on political promises, and not, as yet, on economic outcomes.feedback

Jan 13 2017

This extraordinary level of partisanship has had a dramatic impact on economic expectations. In early January, the partisan divide on the Expectations Index was a stunning 42.7 points (108.9 among those who favorably mentioned government policies, and 66.2 among those who made unfavorable references).feedback

Dec 23 2016

Compared with the rapid gains made in late November and early December, the Sentiment Index was barely higher than at mid month and barely higher than the January 2015 peak – in both cases, just two-tenths of a point – but that small difference was enough to establish a twelve year peak.feedback

Dec 09 2016

The surge was largely due to consumers' initial reactions to Trump's surprise victory. When asked what news they had heard of recent economic developments, more consumers spontaneously mentioned the expected positive impact of new economic policies than ever before recorded in the long history of the surveys.feedback

Nov 23 2016

To be sure, no surge in economic expectations can long be sustained without actual improvements in economic conditions. Presidential honeymoons represent a period in which the promise of gains holds sway over actual economic conditions. Presidential honeymoons, however, can quickly end if they are unaccompanied by prospects that economic conditions will actually improve in the future.feedback

Nov 23 2016

The upsurge in favorable economic prospects is not surprising given Trump's populist policy views, and it was perhaps exaggerated by what most considered a surprising victory as well as by a widespread sense of relief that the election had finally ended.feedback

Nov 11 2016

The most striking finding in early November was that both near and long-term inflation expectations jumped to 2.7 percent from last month's record matching lows of 2.4 percent.feedback

Oct 28 2016

Overall, real personal consumption expenditures can be expected to increase by 2.5 percent through mid 2017.feedback

Oct 14 2016

Prospects for renewed gains, other than a relief rally following the election results, would require somewhat larger wage increases and continued job growth as well as the maintenance of low inflation. Overall, real personal consumption can be expected to increase by 2.5% through mid 2017.feedback

Oct 14 2016

It is likely that the uncertainty surrounding the presidential election had a negative impact, especially among lower income consumers, and without that added uncertainty, the confidence measures may not have weakened.feedback

Jun 24 2016

While no recession is anticipated, consumers increasingly expect a slower pace of economic growth in the year ahead.feedback

Jun 24 2016

The stability in the overall sentiment index reflects a gradual improvement in assessments of current conditions being offset by a downward drift in the economic prospects.feedback

Apr 29 2016

Consumer sentiment continued its slow decline in late April due to weakening expectations for future growth, although their views of current economic conditions remained positive.feedback

Apr 01 2016

This stability reflected more positive personal finances being offset by less favorable prospects for the economy. Indeed, consumers were more optimistic about their inflation-adjusted income expectations than any time since 2007.feedback

Feb 26 2016

Most of the decline from last year's peak has been in how consumers view year-ahead prospects for the economy, while the outlook for their personal financial situation has improved to its best level in ten years. Rather modest wage gains as well as very low inflation have meant that consumers expect increases in their real incomes during the year ahead.feedback

Feb 26 2016

Consumer confidence nearly recovered the entire small loss it recorded at mid month.feedback

Feb 12 2016

A less favorable outlook for the economy during the year ahead was balanced by steady longer term prospects.feedback

Feb 12 2016

No one would have guessed forty years ago, when high inflation was the chief cause of pessimism, that consumers would someday base their optimism on ultra-low inflation transforming meager wages into real income gains.feedback

Jan 29 2016 - Unemployment

Consumers anticipate that the growth slowdown will be accompanied by smaller wage gains and slight increases in unemployment by the end of 2016. Importantly, favorable financial prospects have become dependent on very low inflation. .... Consumers will actively demonstrate their resistance by moderating their purchases in the face of price hikes, thus acting to offset the [Federal Reserve's] rationale for higher rates.feedback

Jan 29 2016

Consumer confidence has remained largely unchanged, as the January reading was just 0.6 percent below last month's level. The small downward revisions were due to stock market declines that were reflected in the erosion of household wealth, as well as weakened prospects for the national economy.feedback

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