Consumer spending growth has generally been trending at about 2.5-to-3 percent at an annual rate -- not booming, but not terrible, ... The fact that the job market is still weak is restraining optimism a bit; hopefully, as the recovery gathers pace, we will start to see more job growth. -Jim O'sullivan

 

Consumer spending growth has generally been trending at about 2.5-to-3 percent at an annual rate -- not booming, but not terrible, ... The fact that the job market is still weak is restraining optimism a bit; hopefully, as the recovery gathers pace, we will start to see more job growth.


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This quote is just one of 9 total Jim O'sullivan quotes in our collection. Jim O'sullivan is known for saying 'Consumer spending growth has generally been trending at about 2.5-to-3 percent at an annual rate -- not booming, but not terrible, ... The fact that the job market is still weak is restraining optimism a bit; hopefully, as the recovery gathers pace, we will start to see more job growth.' as well as some of the following quotes.

Consumer spending growth has generally been trending at about 2.5-to-3 percent at an annual rate -- not booming, but not terrible, ... The fact that the job market is still weak is restraining optimism a bit; hopefully, as the recovery gathers pace, we will start to see more job growth.

Jim O'sullivan
291

I wouldn't take the numbers literally, but they're clearly signaling an improvement.

Jim O'sullivan
199
It was weaker than expected, but it wasn't a dramatic surprise. It was already pretty clear that sentiment came off in January. -Jim O'sullivan
172

The clear message seems to be that while oil is a drag, it's not a downward driver of consumer spending, ... The labor market is generating good income in general and the housing market continues to deliver a positive wealth effect. These factors are helping to offset the impact of higher oil prices.

Jim O'sullivan
150

It shows that underlying inflation is still tame and only slowly edging up. That means the Fed can take its time hiking rates. The only question is whether it keeps moving at every meeting or takes a break now and then.

Jim O'sullivan
147
Certainly, the degree of strength through August is not sustainable; we'll get a much weaker number in September. But the third quarter as a whole will still show 5 to 6 percent consumer spending growth, even if we get a negative number in September. -Jim O'sullivan
140

People have seen weakening in goods prices and have been pointing to deflation. This tells us we're not going there.

Jim O'sullivan
134