This Week's State Of The Economy - What Is Ahead? - 25 June 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jun 26, 2021

This Week's State Of The Economy - What Is Ahead? - 25 June 2021

Well, here we are at the half-way point for 2021.  Maybe it’s just me, but it feels like it got here really quick this year.  Maybe it’s all the turbulence as the economy has whip-sawed back to life.  One week lumber was normal, then more expensive than a precious metal, then back again.  Supply chain bottlenecks continue to cause pain-in-the-necks.  In spite of all the difficulties, the Economic whizzes in the WF Economics team have upgraded their forecast for full-year 2021 U.S. GDP growth to 7.3%.  If this above-consensus forecast comes to fruition, it would be the strongest year of growth since 1951.




This Week's State Of The Economy - What Is Ahead? - 14 April 2023

In March retail sales fell 1.0%, manufacturing production slipped 0.5% and the consumer price index rose a modest 0.1%.

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

Fears of an escalating coronavirus outbreak reached the United States this week, as a Washington state man became the first confirmed domestic case and the international total reached more than 800.

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

There were more signs of global recovery this week and PMI surveys improved further across the world.

This Week's State Of The Economy - What Is Ahead? - 30 October 2020

Real GDP jumped a record 33.1% during Q3, beating expectations. A 40.7% surge in consumer spending drove the gain.

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 May 2021

Over the past year, the housing market has become white-hot.

This Week's State Of The Economy - What Is Ahead? - 17 June 2022

After last week\'s stronger-than-expected CPI, less surprising was the 75 point rate increase put forth by the Fed.

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? - 29 July 2022

Unlike the local temperatures, data released this week showed U.S. economic growth modestly declined in Q2.

This Week's State Of The Economy - What Is Ahead? - 20 October 2023

Treasury yields surged this week due to strong economic activity, impacting expectations for longer-term rates. New home sales led to a rise in single-family permits, but spiking mortgage rates are testing builder affordability strategies.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

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

Copyright © 2023 TC Global Commercial. All rights reserved.