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

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jan 24, 2022

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

It’s been a really quiet week for economic data, which leaves free time to ponder other things, like an article I saw this week speculating on whether it’s better to be a fan of a football organization that models consistency, like the Houston Texans (as in consistently bad), or one like the Dallas Cowboys that teases success only to rip away that hope from its fans at the last moment.  Hmmm….  On the other hand, we could ponder the state of the housing market.  Neither scenario is particularly original.  The Texans have earned a top draft position yet again, the Cowboys are home again for the remainder of the playoffs, and inflation concerns that continue to mount, along with ongoing supply chain disruptions, are weighing on homebuilder confidence in January.  In spite of that, new home construction continues to run at a robust pace. The overall shortfall of housing inventories constrained buying activity in December and pulled existing median home prices higher.  See this week’s attached Commentary for more insightful analysis of domestic and international economic trends and the ever-popular Federal Reserve watch.

 

If you’re one of the three people who have somehow avoided COVID Omicron so far, wow, that’s impressive.  For everyone else, have some chicken soup, Nyquil and get plenty of rest.




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