Economy is More Uncertain Going Forward: Professor Curtin

The video discusses consumer sentiment and economic trends, highlighting optimism due to declining gas prices but also concerns over high prices for homes and vehicles. It explores inflation expectations, noting that while some view inflation as transitory, others are cautious. Historical inflation periods are referenced to understand consumer psychology. The concept of 'revenge spending' and pent-up demand is examined, with consumers showing increased spending due to savings and job prospects, yet remaining cautious due to economic uncertainty.

What evidence is there for pent-up demand among consumers?

How do consumers feel about their savings in relation to economic uncertainty?