While improving consumer confidence probably suggests downside protection against a slump in spending, it does not suggest we will see spending take off. We still need a sustained improvement in the jobs market, including a significant decrease in unemployment with a solid increase in real wages.
More Quotes from Oscar Gonzalez:
The good news is that we're moving, albeit slowly, in the right direction and there are signs of further improvement on the horizon,Oscar Gonzalez
I don't think recent price data suggests that inflation is dead. The Fed has to worry about whether or not it is keeping inflation under control and it would probably like to err on the side of caution.
Oscar Gonzalez
The kids are in their classes. When you find some success at Leto, the students and the faculty get behind them.
Oscar Gonzalez
Rising benefit costs are cutting into already lean corporate profits. This may cause businesses to further delay additional hiring, which is critical to boosting the sluggish economy.
Oscar Gonzalez
Stopping at this point is off the table unless there is some unexpected piece of news like a sudden collapse in the housing market.
Oscar Gonzalez
The trend is now clear. Inflationary pressures are building and prices are rising only the pace remains at issue, ... September's figures may prove to be just a spike, but we can't dismiss the growing risks of a sudden acceleration in inflation.
Oscar Gonzalez
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