Jim Haughey Quotes

Gasoline pump prices fell by a third from early September to early December, and the Consumer Confidence Index was nearly back to the pre-hurricane level by Thanksgiving. Early reports suggest that Christmas shoppers will spend 6 percent to 7 percent more than last year.

- Jim Haughey

Tags

Gasoline | Pump | Prices | Fell | Early |

comments powered by Disqus

Random

Generally, the increase in various costs accounted for half of the rise in spending. - Jim Haughey

This is the threshold for a more rapid rise in inflation, and, as a result, credit costs. It is also the kickoff to a period of strong investment in both manufacturing and in non-residential buildings and structures. - Jim Haughey

Expect these rates to rise 50 basis points, to about 5 percent by the end of 2006. Long-term rates are primarily set by expectations for inflation. Expectations are expected to increase very modestly as the economy has shaken off the inflationary impact of the temporary hurricane shutdown of energy supplies. - Jim Haughey