Richard Curtin


Last quote by Richard Curtin

The resilience of consumers has again been demonstrated as concerns about the impact of the hurricanes on the national economy have quickly
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Sep 29 2017 North Korea
Richard Curtin has most recently been quoted in an article called Consumer sentiment declines in September as hurricane fears weigh down key economic index. Richard Curtin said, “Consumer confidence edged downward in early September due to concerns over the outlook for the national economy.”. Richard Curtin has been quoted a grand total of 38 times in 29 articles.
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Richard Curtin quotes

Apr 13 2017

Much more progress on shrinking the partisan gap is needed to bring economic expectations in line with reality. A slow pace of convergence will make it more difficult to disentangle political fervor from what appears to be a growing sense among consumers that the economy will experience fundamental changes in the years

Apr 08 2017

We've never recorded this before. The current level of optimism clearly indicates that no economywide spending retrenchment is underway, but the prevailing level of uncertainty will limit growth in discretionary

Mar 31 2017 - Unemployment

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

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

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

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

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

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

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

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

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

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

Oct 28 2016

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

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

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

Jun 24 2016

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

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

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

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

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

Feb 26 2016

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

Feb 12 2016

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

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

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

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

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