We expect the recent jump in retail gasoline prices to push down confidence. Optimistic views around the labor market will likely offset some of the gasoline sticker shock.
We expect the recent jump in retail gasoline prices to push down confidence. Optimistic views around the labor market will likely offset some of the gasoline sticker shock.
Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown.
With income growth strong and the labor market set to tighten through 2006, the overall growth outlook should remain robust.
There's no sign of inflation, and the labor market is still weak. There's still plenty of room from the Fed's point of view.
© 2020 Inspirational Stories
© 2020 Inspirational Stories