This Week's State Of The Economy - What Is Ahead? - 01 April 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Apr 05, 2022

This Week's State Of The Economy - What Is Ahead? - 01 April 2022

Interesting factoid I’ve seen noted several places recently is that the Millennial generation (1981 – 1996) surpassed the Baby Boom as the largest generation in U.S. history.  That is relevant because after a delay caused by factors such as student debt, and possibly some other factors as well, more Millennials will reach the age of 32, the median age for first-time home buyers, over the next two years than ever before.  That seems like a strong indicator for continued strong home sales for the next two years at least, unless of course interest rates escalate to a level that forces them to remain renters.

 

The key factor that will drive interest rates is the Fed’s belated effort to rein-in inflation.  The Fed's difficult job got harder this week. Its preferred inflation gauge set another fresh 40-year record high while the ISM prices paid measure shot up 11.5 points to 87.1. Payrolls increased 431K in March with steep upward revisions that lifted last month's gain, but personal income is not quite keeping pace with price gains. Small wonder, the yield curve temporarily inverted, a sign the bond market is losing faith in a soft landing.




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? - 24 July 2020

Initial jobless claims rose to just over 1.4 million for the week ending July 18. Continuing claims fell to about 16.2 million. Initial claims edging higher suggests that the resurgence of COVID-19 may be taking a toll on the labor market recovery.

This Week's State Of The Economy - What Is Ahead? - 08 October 2021

September\'s disappointing employment report clearly takes center stage over this week\'s other economic reports. Nonfarm employment rose by just 194,000 jobs, as employers continue to have trouble finding the workers they need.

This Week's State Of The Economy - What Is Ahead? - 09 April 2020

The Federal Reserve announced a series of measures this morning that are intended to assist households, businesses and state & local governments as they cope with the economic fallout of the COVID-19 outbreak.

This Week's State Of The Economy - What Is Ahead? - 25 February 2022

What a crazy week. It’s hard to worry about something as relatively unimportant as economic trends when one thinks about what folks in Ukraine are enduring, but economies are nonetheless impacted.

28 January 2021 Economic Outlook Report

In our recently released second report in this series of economic risks, we focused on the potential of demand-side factors to lead to significantly higher U.S. inflation in the next few years.

This Week's State Of The Economy - What Is Ahead? - 08 January 2021

The manufacturing sector is showing a great deal of resilience, with the ISM Manufacturing survey exceeding expectations, at 60.7, and factory orders remaining strong.

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? - 20 August 2021

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.

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?


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

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

Copyright © 2022 TC Global Commercial. All rights reserved.