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Low interest rates lift buying plans says Michigan's Curtin

Comments following the rather upbeat survey

  • Projects 2.5% gain in consumer spending in 2016

  • May boost spending forecast if sentiment holds up

  • Gain in expectations was broad based

  • It's a good sign that the sentiment gain was led by lower-income
  • Consumers don't see gasoline prices rising soon (maybe they should check oil prices first)
  • Sentiment could reach new expansion highs soon
  • It's most likely to linger around this level
  • Sentiment could be hurt by presidential elections
  • Consumers will remain a mainstay of the economy

I don't think anyone should get overly excited about all today's data until we see a broad sustained trend. The sentiment survey has been strong before while retail sales underperformed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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