Survey director comments on the latest sentiment report

  • Consumers are more convinced that fuel prices will remain low
  • Outlook for spending is quite good
  • The holiday shopping outlook is good
  • Consumers will be looking for discounts when shopping (that'll help inflation ;-) )
  • More are willing to use savings and credit (oh oh) to boost purchases
  • Student debt is curbing demand from lower income consumers
  • It's better for Fed to raise rates when confidence rises

That last point is a fair one but the comment that consumers are dipping into savings and increasing debt is not an environment that you want to raise rates into. By now your average consumer should have cash in their pockets from the income boost from oil, and wages from all those lovely new jobs they've got

Shouldn't they?