Wells Fargo Economics & Financial Report

Wells Fargo Economics & Financial Report

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Economic reports from the Wells Fargo Economics Group provide domestic and international economic commentary to help you manage risk and capture business opportunities. Read from our selection of regularly updated economic reports from GDP growth and interest rate forecasts to U.S. and international economic analysis.

This Week's State Of The Economy - What Is Ahead? - 15 November 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

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

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

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

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

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).

This Week's State Of The Economy - What Is Ahead? - 13 September 2024

The core Consumer Price Index (CPI) printed at 0.3% month-over-month in August. This was slightly higher than consensus forecasts and marked the fastest price increase in four months.

This Week's State Of The Economy - What Is Ahead? - 30 August 2024

Revisions to PCE were broad based across the goods and services components and make it less clear that the restrictive interest rate environment is poising a major impediment to household spending.

This Week's State Of The Economy - What Is Ahead? - 23 August 2024

Home sales also have been slow to respond. Existing home sales inched up during July alongside a modest dip in mortgage rates.

This Week's State Of The Economy - What Is Ahead? - 16 August 2024

Inflation continues its gradual descent, and business optimism has trended higher amid cooler input price growth and steady consumer spending.


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