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

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Aug 03, 2019

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

How will Fed rates-cut and Trump 10% tariff on $300 Billion Chinese Goods countered by Chinese currency devaluation against Dollar, affect inflation and economic slowdown in US economy? Read the comprehensive reports from Wells Fargo Securities Economics Group. 

The Fed cut rates this week for the first time since December 2008, lowering the fed funds rate 25 bps to 2.25% in a move widely  telegraphed by Fed officials and wholly anticipated by financial  markets. Attention was more focused on the Fed's next move, and whether or not 25 bps would be sufficient to sustain the  expansion. Markets took the move as a mildly hawkish cut, with  the yield curve flattening and equities falling in response. Chair Powell gave investors a lot to digest in his post-meeting press  conference, particularly with his mixed messaging on whether or  not this cut was the start of an easing cycle. Powell termed it a mid-cycle adjustment but also indicated the Fed was not  necessarily done. We still expect the factors that necessitated this cut will compel the Fed to cut once more this year. Powell cited the downside risks from weak global growth and trade policy  uncertainty and sub-target inflation as reasons to insure against  an early end to the expansion.




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

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.

This Week's State Of The Economy - What Is Ahead? - 13 August 2021

The general outlook remains positive as households have accumulated over $2T in excess savings on their balance sheets and net worth has risen across all income groups.

This Week's State Of The Economy - What Is Ahead? - 31 January 2020

Mexico’s economy has slowed notably over the last year, with the economy contracting again in Q4, indicating a full-year contraction for 2019.

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? - 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? - 12 August 2020

The consumer has been a bright spot in the recovery so far, but with jobless benefits in flux and no clear path for the long-awaited stimulus bill, the support here could fade.

This Week's State Of The Economy - What Is Ahead? - 02 October 2020

In what was a jam-packed week of economic data, the jobs report, prospects of additional fiscal stimulus and the president’s positive COVID-19 test result commanded markets’ attention.

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

Mobility is continuing to trickle lower in several major developed market economies. The U.K., France, Italy and Canada have all seen some further modest declines in retail/recreation visits.

2021 Annual Economic Outlook

The longest U.S. economic expansion since the end of the Second World War came to an abrupt end earlier this year as the COVID pandemic essentially shut down the economy.

This Week's State Of The Economy - What Is Ahead? - 28 May 2021

This week\'s light calendar of economic reports showed supply chain disruptions tugging a little at economic growth.


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