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Gary Thayer Quotes
«Confidence is up again -- to the highest level in over two years. Consumers are feeling better not only about current conditions, but also about prospects for the future.»
«The good news is that the inflation number was also revised down slightly but is still running higher than we saw a year or so ago,»
«The big number is the employment number on Friday. If that number comes in weak for the third consecutive month, views on the Fed are likely to change significantly.»
«It looks like the economy is still quite healthy and the Fed is probably following the appropriate course. The economy doesn't need low interest rates.»
«Overall, confidence is still at a healthy level, up from where it was a year ago, but we did pull back a bit from the three-year high that we saw in June.»
«The upturn in confidence is an encouraging sign that economic conditions are stabilizing after the hurricanes. Lower energy prices are helping, but the upturn in employment is also a plus.»
«[And make no mistake: Energy prices are everything these days. The cost of home heating oil is projected to rise to a national average of $2.47 a gallon this winter, a 28.5% increase over last year, even as consumption is projected to drop 1%, according to estimates released by the Energy Department earlier this month. Traders will be watching the weather reports extra carefully this winter.] The demand for energy has been tempered by high prices, ... but demand could surge again if winter weather turns unusually cold.»
«It looks like the economy is stabilizing after the hurricane-related stresses and we're heading into the holidays with an upturn in confidence that is encouraging and bodes well for the good consumer spending over the next month or so.»
«Clearly today's numbers show that the economy is still healthy and that the Federal Reserve probably will still be concerned about inflation for at least a couple more months.»
«It looks like consumers will be in a more giving mood, I don't think they will spend with abandon. There are still some tight financial problems for many people. We probably will see active shopping for bargains.»