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Pichette said "there are signs of increasing consumer confidence," with travel advertising faring well.
Raising rates could alleviate those fears, increasing consumer confidence and spending.
The rising cost of living coupled with increasing consumer confidence is thought to be the driver behind this forecast.
In principle, it was to be a stimulus package with heavy emphasis on economic recovery and on increasing consumer confidence.
Last week, Chinese equities entered a bull market, with the Shanghai Composite Index rising over 20% since the end of August, a hopeful signal that investor confidence is on the upswing and could drive increasing consumer confidence.
"With hindsight, it happened it was consumer confidence," he added, noting that the key driver is the psychological effect of increasing consumer confidence, as measured by purchasing indicators.
Similar(49)
Dr. Hughes said some signs -- like increased consumer confidence -- point to improvement in the national economy.
According to McNally the aim is to increase consumer confidence and sales.
The label is going to increase consumer confidence and really build this market.
Increased consumer confidence and a rise in factory hours helped augment the index outcome.
In particular, Mr. Greenspan indicated that the Fed was waiting to see whether steadier or rising financial markets led to increased consumer confidence and spending.
More suggestions(19)
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increasing consumer demand
increasing consumer awareness
increasing consumer wealth
increasing consumer protection
increasing consumer debt
increasing consumer appetite
increasing consumer understanding
increasing consumer culture
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