This Week's State Of The Economy - What Is Ahead? - 10 January 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jan 11, 2020

This Week's State Of The Economy - What Is Ahead? - 10 January 2020

U.S. - Well, That De-Escalated Quickly

  • The week began amid rising tensions carrying over from the U.S. killing of Iranian General Qasem Soleimani last Friday. Iran responded with non-lethal airstrikes on U.S. facilities, but President Trump has said the U.S. has no plans to escalate further, and the Iranians appear to have concluded their response for now.
  • Compared to just prior to the drone strike, U.S. stocks are higher as is the dollar and the price for a barrel of oil (after spiking briefly) is now about $2.00 lower.
  • The job market continued to expand adding another 145K jobs although wages rose the least since mid-2018.

 

Global - A (Mostly) Happy New Year

  • It was a relatively busy week for international data and events. In the Eurozone, inflation increased in December at the fastest pace since April, an encouraging sign for the ECB, while European industrial data were sturdy.
  • Canadian employment rebounded in December after two straight months of declines, lessening concerns about a slowdown in job growth.
  • In Mexico, the data was not as promising, however. Mexico’s consumer prices eased further in December and industrial production disappointed in November, supporting the case for additional monetary policy easing from the central bank.



This Week's State Of The Economy - What Is Ahead? - 16 September 2022

Financial markets reacted in a zig-zag pattern to this week\'s economic data ahead of the next FOMC meeting. Price pressure is still not showing the sustained slowdown the Fed needs before it takes its foot off the throttle of tighter policy.

This Week's State Of The Economy - What Is Ahead? - 4 October 2019

Survey evidence flashed signs of contraction in the manufacturing sector and indicated weakness spreading to the services side of the economy, while employers added a less-than-expected 136K jobs in September.

This Week's State Of The Economy - What Is Ahead? - 31 March 2023

This week brought glimpses of market stabilization after weeks of turmoil. Although consumers seem unfazed by the uproar, tighter credit conditions coming down the pipeline will likely weigh on growth.

This Week's State Of The Economy - What Is Ahead? - 02 September 2022

More job seekers also lifted the participation rate to 62.4% and thus easing some tightness in the job market even as payrolls expanded.

This Week's State Of The Economy - What Is Ahead? - 10 September 2021

Data from the opening weekend of College Football indicates that we will have to endure another season of Nick Saban deification.

This Week's State Of The Economy - What Is Ahead? - 21 October 2022

The real estate sector has been significantly affected by rising interest rates, with total housing starts falling 8.1% in September. Peering ahead, the forward-looking Leading Economic Index points to a recession in the coming year.

This Week's State Of The Economy - What Is Ahead? - 24 March 2023

The FOMC hiked the federal funds rate by 25 bps on Wednesday amid continued strength in the labor market and elevated inflation.

This Week's State Of The Economy - What Is Ahead? - 01 May 2020

U.S. GDP declined at an annualized rate of 4.8% in the first quarter, only a hint of what is to come in the second quarter.

This Week's State Of The Economy - What Is Ahead? - 08 April 2022

Wednesday\'s release of the FOMC minutes stirred things up as comments showed committee members agreeing that elevated inflation and the tight labor market at present warrant balance sheet reduction to begin soon.

This Week's State Of The Economy - What Is Ahead? - 10 July 2020

The ISM non-manufacturing index jumped 11.7 points to 57.1, reflecting the broadening re-opening of the economy.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2023 TC Global Commercial. All rights reserved.