Consumers anticipated that higher interest rates will ultimately slow the overall pace of economic growth.
More Quotes from Richard Curtin:
Although firms did expect a slightly slower pace of growth, they still judge overall economic conditions quite favorable.Richard Curtin
The growth slowdown anticipated by consumers is very mild, but just enough to result in smaller job gains and a somewhat higher unemployment rate during 2006.
Richard Curtin
Consumers judged their current finances much more favorably due to declines in gas prices, and were more likely to anticipate additional financial gains during the year ahead.
Richard Curtin
TEC firms reported that substantial gains in the overall economy have already occurred. They anticipate continued gains during the year ahead.
Richard Curtin
A majority of households now expect an economic downturn and bad financial times by the end of this year.
Richard Curtin
On average, consumers have anticipated changes in the unemployment rate three quarters in advance of the actual change.
Richard Curtin
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