This Week's State Of The Economy - What Is Ahead? - 01 October 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Oct 10, 2021

This Week's State Of The Economy - What Is Ahead? - 01 October 2021

Economic data this week indicated that the ongoing expansion still has some momentum despite some familiar headwinds, though this week's releases were largely overshadowed by a busy week on Capitol Hill, where the week was closed-out with Congress passing a continuing resolution to keep the Government funded through December 3rd.  Consumer spending growth was better than expected in August, but it is still struggling to keep pace with inflation. Capital spending also picked up, though producers are having a hard time keeping up and the ISM survey suggests supply chain issues are only getting worse.  Two items I recommend in this week’s Commentary are the “Interest Rate Watch” on p. 9 and the “The iBuyer Phenomenon” on p. 10.  Very interesting reading worth checking out.




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