This Week's State Of The Economy - What Is Ahead? - 18 October 2019

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Oct 19, 2019

This Week's State Of The Economy - What Is Ahead? - 18 October 2019

U.S - Cracks in the Foundation?

  • Personal consumption is still on track for a solid Q3, but retail sales declined in September for the first time in seven months.
  • Manufacturing data were certainly influenced by the GM strike, but output has now fallen in six months this year, and survey evidence has yet to point to a meaningful pickup.
  • Single-family housing starts rose for the fourth consecutive month. Housing should positively contribute to GDP growth in Q3 for the first time in almost two years.
  • The lack of a pushback on market expectations from the Fed speakers gives us increasing confidence that the FOMC will cut the fed funds rate by 25 bps at its October 29-30 meeting.

 

Global -  A Breakthrough on Brexit, or Another False Start?

  • UK PM Boris Johnson and EU leaders announced they had struck a Brexit deal, an encouraging development ahead of the October 31 deadline by which the UK must either leave the EU or once again request an extension.
  • The path forward is precarious, however, as the UK Parliament is set to vote on the deal in an emergency session on Saturday. The prospects for the deal's passage remain far from assured.
  • Chinese Q3 GDP growth slowed further to 6.0% year-over-year, although September retail and industrial activity suggest the quarter ended on a firmer note. However, given a measured policy response, the overall growth slowdown should continue.



This Week's State Of The Economy - What Is Ahead? - 16 August 2019

Markets gyrated this week as the spread between the ten- and two-year Treasury\'s turned negative for the first time since 2007. Financial markets seem to expect that the sharp slowdown in growth overseas will soon spread to the United States.

Where Will That $2 Trillion Come From Anyway?

Net Treasury issuance is set to surge in the coming weeks and months. At present, we look for the federal budget deficit to be $2.4 trillion in FY 2020 and $1.7 trillion in FY 2021.

August 2020 Economy At A Glance

Downstream involves the refining and processing of oil and natural gas into fuels, chemicals, and plastics. All three sectors are well-represented in Houston.

This Week's State Of The Economy - What Is Ahead? - 08 November 2019

Optimism soared this week on hopes of a forthcoming trade deal, as equity markets hit all-time highs and the yield curve steepened.

This Week's State Of The Economy - What Is Ahead? - 02 July 2021

We added 850,00 jobs in June, but much of that was State governments school districts in some parts of the Country reopening just in time for summer break.

This Week's State Of The Economy - What Is Ahead? - 22 May 2020

The re-opening of the country is getting underway, with all 50 states starting to roll back restrictions.

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? - 13 November 2020

The combination of the election outcome and a workable vaccine boosted financial markets and set the background music for this week’s short list of indicators.

This Week's State Of The Economy - What Is Ahead? - 20 September 2019

The Federal Reserve reduced the fed funds rate 25 bps this week, continuing to cite economic weakness overseas and muted inflation pressures.

This Week's State Of The Economy - What Is Ahead? - 23 December 2020

Vaccines are here, but they are not yet widely available in a way that can stem the spread of a disease that grows by 200K a day.


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.