Consumer still positive, Outlook remains positive – Michigan’s Curtin

FXStreet (Mumbai) - Richard Curtin, director of the Michigan Survey of Consumers, after the weak consumer confidence reading, was on the wires stating the positive outlook for the economy stays intact.

Key Quotes

Consumers are ready to put turmoil behind them. Car sales will probably remain strong. Consumers still positive about buying cars and durables.

Are less positive on current income. Don't trust that fuel prices will stay low. See prices rising for more luxury goods.

Fed rate hike could add risk to outlook. Consumers are waiting for the other shoe to drop.

Market turmoil colours consumers view as it puts focus on negative developments.