This Week's State Of The Economy - What Is Ahead? - 17 December 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Dec 21, 2021

This Week's State Of The Economy - What Is Ahead? - 17 December 2021

The more hawkish tone coming out of that meeting gives the impression that the Fed has decided the factors driving inflation may not be just “transitory” after all.  Check out the p. 7 Interest Rate Watch for more detail.  In other news, retail sales data disappointed as higher prices factor into spending and industrial activity continued to recover but remains beset by supply issues. Continued supply side issues also extended to the housing sector, where the number of homes under construction reached its highest level since 2007.




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