This Week's State Of The Economy - What Is Ahead? - 20 August 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Aug 24, 2021

This Week's State Of The Economy - What Is Ahead? - 20 August 2021

In a little bit of a twist, I’ll highlight an International element of the week’s current economic activity.  The Wells Fargo Economics team notes in the Commentary that new COVID cases in New Zealand disrupted the Reserve Bank of New Zealand's plan to tighten monetary policy this week.  That raises a question about whether, going forward, rising COVID cases alter any other central banks' plans to normalize interest rates.  Also, China activity data missed expectations by a wide margin, signaling China's economy is also under pressure as a result of new restrictions.




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.

This Week's State Of The Economy - What Is Ahead? - 24 April 2020

Oil prices went negative for the first time in history on Monday as the evaporation of demand collided with a supply glut. In the past five weeks, 26.5 million people have filed for unemployment insurance, or more than one out of every seven workers.

This Week's State Of The Economy - What Is Ahead? - 23 April 2021

This week\'s lighter economic calendar allowed forecasters more time to assess the implications from the prior week\'s blowout retail sales report.

This Week's State Of The Economy - What Is Ahead? - 21 February 2020

Minutes from the January 28-29 FOMC meeting indicate the coronavirus will not push the Fed to cut interest rates, and for the most part housing and manufacturing survey data this week supported that view.

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.

Rising COVID-19 Cases Put A Damper On Re-openings

The rising number of COVID-19 infections gained momentum this week, with most of the rise occurring in the South and West. The rise in infections is larger than can be explained by increased testing alone and is slowing re-openings.

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.

November 2020 Economy At A Glance

U.S. gross domestic product (GDP) grew 7.4 percent, or $1.3 trillion in Q3, adjusted for inflation.

This Week's State Of The Economy - What Is Ahead? - 16 July 2021

Visiting from Texas, it felt more like fall, which like the Texas cold-snap last February just goes to show that it’s a case of what you’re used to.

This Week's State Of The Economy - What Is Ahead? - 07 October 2020

In the immediate fallout after the lockdowns in the early stages of this pandemic, there was a lot of discussion about the shape of the recovery.


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