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This Week's State Of The Economy - What Is Ahead? - 10 January 2025
Wells Fargo Economics & Financial Report / Jan 13, 2025
Meetings of the Federal Reserve\'s Open Markets Committee are about what the Fed is doing; minutes of those meetings tell you something about what policymakers are thinking.
This Week's State Of The Economy - What Is Ahead? - 20 December 2024
Wells Fargo Economics & Financial Report / Dec 23, 2024
The strength in demand has hindered progress on disinflation, exemplified by the PCE deflator inching up a tenth to 2.4% year-over-year in November.
This Week's State Of The Economy - What Is Ahead? - 13 December 2024
Wells Fargo Economics & Financial Report / Dec 16, 2024
Prices were in focus this week with reports delivering the last key data before the FOMC\'s next meeting on December 17-18. The November readings on consumer and producer prices suggested that overall inflation remains stubbornly high.
This Week's State Of The Economy - What Is Ahead? - 06 December 2024
Wells Fargo Economics & Financial Report / Dec 09, 2024
Incoming economic data continue to illuminate pockets of stress in the U.S. economy. The unwinding of strikes and hurricane effects lifted nonfarm payrolls by 227K in November; however, job gains remain highly concentrated by industry.
This Week's State Of The Economy - What Is Ahead? - 15 November 2024
Wells Fargo Economics & Financial Report / Nov 20, 2024
The Consumer Price Index (CPI) rose 0.24% in October, the largest unrounded monthly uptick since April. This bump brought the 12-month rate to 2.6%, the first annual acceleration since inflation’s hot streak in Q1.
This Week's State Of The Economy - What Is Ahead? - 01 November 2024
Wells Fargo Economics & Financial Report / Nov 06, 2024
The unemployment rate, which is derived from the household survey and counts those not working due to a strike or severe weather as employed, held steady at 4.1%. A 25 bps rate cut at next week\'s FOMC meeting remains highly likely.
This Week's State Of The Economy - What Is Ahead? - 25 October 2024
Wells Fargo Economics & Financial Report / Oct 31, 2024
The housing sector was in focus this week. During September, existing homes sales remained in a slump and declined to a fresh cycle low, while new home sales bucked the trend and rose solidly.
This Week's State Of The Economy - What Is Ahead? - 18 October 2024
Wells Fargo Economics & Financial Report / Oct 21, 2024
Retail sales came in stronger than expected in September, industrial production was weaker than expected and residential construction softened.
This Week's State Of The Economy - What Is Ahead? - 04 October 2024
Wells Fargo Economics & Financial Report / Oct 10, 2024
The separate survey of households shows employment rising 430K and unemployment falling 281K in September, leading the unemployment rate to unexpectedly tick down a tenth to 4.1%.
This Week's State Of The Economy - What Is Ahead? - 20 September 2024
Wells Fargo Economics & Financial Report / Sep 24, 2024
The economic calendar was packed this week, but one event took center stage. At the conclusion of its September 17-18 meeting, the FOMC announced a 50 bps reduction in the federal funds rate to a target range of 4.75%-5.00% (chart).