Quotes from the news wire:
Many of the commentators are right in assessing that the possibility of just a mild slowdown is perhaps overestimated, is perhaps seen as too likely, and once we start to see sentiment shift, either in the business sector or in the consumer sector, that can feed off of itself — that can lead to further weakness, which could lead to a stronger rise in the unemployment rate and weaker economic conditions.
Found on CNN 1 year ago
Maybe even higher, that is going to constrain business investment, that is going to constrain hiring, and that is going to constrain consumer spending. And so that will lead to weaker economic activity going forward.
Found on CNN 1 year ago
With labor market conditions poised to cool further amid tighter financial conditions and growing financial market uncertainty likely to dampen households’ willingness to spend, we foresee soft consumer spending growth in coming quarters, recent data on household spending and credit growth indicate that we will likely see a K-shaped consumer spending pattern in 2023, with low- and median-income families exercising more spending restraint, and families at the higher of the income spectrum still spending, albeit with more discretion.
Found on CNN 1 year ago
Recent data on household spending and credit growth indicate that we will likely see a K-shaped consumer spending pattern in 2023, with low- and median-income families exercising more spending restraint, and families at the higher of the income spectrum still spending, albeit with more discretion.
Found on CNN 1 year ago
the Fed would be able to continue tightening monetary policy gradually while closely monitoring financial market developments.
Found on CNN 1 year ago
2011 was the first time in a long time that we came close to a debt ceiling breach, and that was a time when there was a lot of political fragmentation and there was a strong desire to essentially attach spending cuts to any debt ceiling increase.
Found on CNN 1 year ago
Financial markets and private sector actors tend to react ahead of that date, if there is the anticipation that we will get very close to that drop-dead date, then financial market volatility generally tends to increase, stock prices tend to react adversely.
Found on CNN 1 year ago
Against this backdrop, we expect consumers will rein in their spending further in coming months, real consumer spending should see modest growth in the final quarter of the year, but we expect it will barely grow in 2023.
Found on CNN 1 year ago
The recession itself won't last long, because the trough will be quick. But the scars, the lingering effect from this, will be long lasting.
Found on CNN 4 years ago
If you recoup one job for every 10 you lost, you're still nine in the hole.
Found on CNN 4 years ago
The damage that we're seeing from the great coronavirus recession is traumatic. It's going to take a long time before the labor market recovers to its prerecession state.
Found on CNN 4 years ago
The tightening of financial conditions I think is really the key game changer in this outbreak.
Found on Reuters 4 years ago
You tend to be more cautious about your outlook because you're worried.
Found on Reuters 4 years ago
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