Ellen Tolley
Ellen Tolley
consumer consumers cut doubt gas growing higher prices reaction retail sales somewhat spending
The consumer reaction to higher gas prices has been somewhat puzzling. There is no doubt that high gas prices cut into consumer income, but ... consumers are still spending and retail sales are growing more than expected,
grand growth instead might percent scheme
In the grand scheme of things, we might see growth of 5.6 percent instead of 5.7 percent.
anticipate attention bring changing costs energy factors forecast negative people time
There are always some people who will say negative things just to get attention from the press, ... Our forecast is realistic. It's not spectacular. There are some lagging factors such as unemployment and energy costs that could bring it down. At this time we don't anticipate changing our forecast.