Profile cover photo
Profile photo
Michaela Ross
60 followers -
Content Carnivore | Multimedia Journalist @CUNYJSchool covering the Bronx | Editor | @PeaceCorps Alum
Content Carnivore | Multimedia Journalist @CUNYJSchool covering the Bronx | Editor | @PeaceCorps Alum

60 followers
About
Posts

My article predicting strong ‪#‎consumersentiment‬ numbers was in-line with today's release from the ‪#‎UniversityofMichigan‬. An improving labor market and wage gains bolstered the average American's confidence this month. Read more here: http://bit.ly/1JGQw4Z
Add a comment...

"Personal financial prospects have improved significantly," said Dr. Richard Curtin, director of the ‪#‎UniversityofMichigan‬'s survey of consumers in a statement today.
U.S. households expected income growth of 1.5% over the next 1-2 years, up from 1.2% in the preliminary sentiment survey this month. These expectations had been the one soft spot in April's initial reading.
Add a comment...

Post has attachment
The S&P 500 stayed pretty even and positive this morning after news that ‪#‎consumersentiment‬ rose to its second highest reading since 2007 ‪#‎UniversityofMichigan‬
Photo
Add a comment...

Post has attachment
Why are analysts more confident that tomorrow's ‪#‎consumersentiment‬ numbers will be higher than March's? Stronger jobs and wage gains are showing up in other indicators:

"Overall economic conditions are better," said Rhys Herbert, senior economist at Lloyds Bank. "I think these buoyant consumer confidence numbers are telling us that the recent concerns about the economy are a bit overdone."
http://www.sca.isr.umich.edu/
Surveys of Consumers

      Surveys of Consumers
sca.isr.umich.edu
Add a comment...

Post has attachment
“Alone I can’t, but united we can,” Ruperto Morocho told me in Spanish.
It's finally published! Read about Ruperto and more Bronx immigrant restaurant owners whose newly formed cooperative is bolstering their businesses as the area faces development. Video by the talented Jack D'Isidoro  http://bit.ly/1Liwegm
Add a comment...

Post has attachment
MarketWatch's reaction to today's #consumersentiment  reading calls into question whether the high index read will translate into more robust consumer spending: after all, it says, gas prices are still rising and March's jobs numbers were weak: 

http://www.marketwatch.com/story/as-consumer-sentiment-perks-up-the-question-of-spending-looms-2015-05-01
Add a comment...

Post has attachment
Bloomberg's analysis of today's high #consumersentiment  reading brings up the next question: if Americans are feeling more confident because of stronger job growth and wages, will this speed up the Fed's decision to raise interest rates this year?

http://www.bloomberg.com/news/articles/2015-05-01/consumer-sentiment-in-u-s-rises-to-second-highest-since-2007
Add a comment...

Post has attachment
No surprises today: April's final #consumersentiment index was unchanged from the preliminary reading and in-line with expectations - 95.6, up from March's 93 and last April's 84.
Photo
Add a comment...

Post has attachment
Maybe the spring weather is making American consumers more confident this month. Consumer sentiment bounced back in April's preliminary read to 95.9 from March's 93, despite rising gas prices and weaker job numbers. Friday's final read is being estimated to tick up even more to 96, according to Bloomberg analyst estimates
Photo
Add a comment...

Post has attachment
Initial jobless claims decrease to their lowest number in 15 years, wages are rising and consumer spending is up, we are hearing in this morning's economic reports. This sets the stage for more confident #consumersentiment reading tomorrow morning from the @UniversityofMichigan
http://www.bloomberg.com/news/articles/2015-04-30/consumer-spending-in-u-s-ends-sluggish-quarter-on-positive-note
Add a comment...
Wait while more posts are being loaded