21 Quotes by Elisabeth Denison

If the housing market is cooling at the same time as gasoline prices are picking up that could combine to create a perfect storm for consumer spending. This is something the Federal Reserve will watch very closely.

I think people are starting to worry about winter heating bills, especially now the weather is starting to turn.

It did come in stronger, so that's probably good news in terms of consumer momentum as we go into the new year.

It definitely is pointing in the direction of further rate hikes.

We've got tightening resources but modest ... pressure on wages. So no reason to panic for the Fed, but certainly more reason for them to take rates a little higher.

We had a strong start to the year, partly weather and consumer related, and now we're getting indications for the second quarter and they're looking moderate.

What it will do is push up first-quarter growth probably close to 5.0 percent, so a nice rebound from the fourth quarter.

Some people were concerned after the revisions yesterday and were maybe looking for bigger increases in the core (today) and there's a little bit of rallying, but it's very, very minor.

The big theme in the fourth quarter is going to be consumption spending, that is the real driver.