This Week's State Of The Economy - What Is Ahead? - 16 October 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Oct 20, 2020

This Week's State Of The Economy - What Is Ahead? - 16 October 2020

U.S. - Rebound Continues, but Initial Claims and Cases Rise

  • Data continue to reflect an economy digging itself out of the lockdown-induced slump.
  • Consumer prices and retail sales rose in September as activity continued to pick up, but a rise in initial claims for state unemployment benefits last week points to continued churn in the labor market.
  • Stimulus talks regarding an additional fiscal relief package continued this week, but an agreement remained elusive.
  • COVID-19 case counts are on the rise in the Midwest, presenting renewed concern of localized setbacks.

 

Global - Data Underwhelming This Week

  • Swedish inflation slid more than expected in September, with headline and core CPIF remaining well-below the Riksbank’s 2% target inflation rate.
  • Australia’s employment declined by 29,500 in September, the first decline since May, while the unemployment rate edged higher to 6.9%. The slump in the labor market in part reflects the Stage 4 restrictions in Victoria put in place to contain the spread of COVID-19.
  • Chile’s central bank held its policy interest rate at 0.50% at this week’s meeting, and did not announce any new quantitative easing measures.



This Week's State Of The Economy - What Is Ahead? - 28 April 2023

U.S. Economy expands but at a weak rate. Regional bank failures cause corporate investment spreads to widen again. House Republicans pass bills that affect the debt ceiling.

This Week's State Of The Economy - What Is Ahead? - 11 March 2022

Russia\'s invasion of Ukraine continues to consume nearly all media attention and has created a level of volatility that is not yet reflected in the data released this week.

This Week's State Of The Economy - What Is Ahead? - 20 March 2020

Daily life came to a screeching halt this week as governments, businesses and consumers took drastic steps to halt the COVID-19 pandemic.

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? - 03 June 2022

While talk of recession has kicked up in recent weeks, the majority of economic data remain consistent with modest growth.

This Week's State Of The Economy - What Is Ahead? - 05 February 2021

Nonfarm employment rebounded in January, with employers adding 49,000 jobs following the prior month\'s 227,000-job drop.

This Week's State Of The Economy - What Is Ahead? - 06 January 2023

During December, payrolls rose by 223K while the unemployment rate fell to 3.5% and average hourly earnings eased 0.3%. Job openings (JOLTS) edged down to 10.46 million in November.

This Week's State Of The Economy - What Is Ahead? - 22 July 2022

July\'s NAHB Housing Market Index dropped 12 points to 55, the second largest monthly decline on record behind April 2020\'s pandemic-induced collapse.

This Week's State Of The Economy - What Is Ahead? - 26August 2022

I can understand how the opportunity to participate in lots of scintillating economic policy discussions could make fishing look exciting in comparison.

This Week's State Of The Economy - What Is Ahead? - 15 January 2021

Retail sales fell 0.7% in December, the third straight monthly decline. Sales are still up 2.9% over the year, however.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

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

Copyright © 2024 TC Global Commercial. All rights reserved.