Despite slowing job growth momentum, the Fed is going to pay attention to the diminishing slack (the 5 per cent unemployment rate could be as low as 4.8 per cent if not for the hurricanes) and the pickup in wage pressures,
U.S. consumers are feeling the benefits of higher incomes and are spending more to reflect their good moods, ... Buoyed by record confidence, income growth, and a super-tight jobs market, the consumer is showing no signs of slowing and should continue to propel the U.S. economy.
It certainly affects psychology, but if the job market starts growing, that effect is far more important to psychology than something that's happening half a world away.
The cooling U.S. housing sector should apply a dampener to consumer spending... but some of this could be offset by still-decent job growth.
The cooling US housing sector should apply a dampener to consumer spending as 2005-2006 unfolds, but some of this could be offset by still-decent job growth.
The cooling U.S. housing sector should apply a dampener to consumer spending as 2005-2006 unfolds, but some of this could be offset by still-decent job growth.
The cooling U.S. housing sector should apply a dampener to consumer spending ... but some of this could be offset by still-decent job growth.