This Week's State Of The Economy - What Is Ahead? - 06 May 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/May 18, 2022

This Week's State Of The Economy - What Is Ahead? - 06 May 2022

Unlike Yordan Alvarez, no one is expecting the Fed to stand back and admire their handiwork after this weeks 50 basis point increase in the Fed Discount Rate.  Similar to Yordan, their effort is more of a single and not a home run.*  As such, incoming data for April reinforce the expectations of the WF Economics team for another 50 bp hike in June.

 

Aside from Astros and Fed action, the latest economic data suggest supply challenges worsened in April. Delivery times lengthened, and while employers continued to add jobs at a solid pace, the supply of labor weakened. Price pressure has remained elevated as a result.




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

The housing sector has borne the brunt of the Fed\'s efforts to slow the economy, and this week\'s data showed the industry continues to reel.

This Week's State Of The Economy - What Is Ahead? - 17 December 2021

7 Interest Rate Watch for more detail. In other news, retail sales data disappointed as higher prices factor into spending and industrial activity continued to recover but remains beset by supply issues.

This Week's State Of The Economy - What Is Ahead? - 09 December 2022

Various price metrics released this week showed some continued signs of inflation cooling, but gradually rather than rapidly.

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? - 05 August 2022

The Bureau of Labor Statistics reported this morning that nonfarm payrolls increased 528,000 for the month of July, easily topping estimates, lowering the unemployment rate to 3.5%.

This Week's State Of The Economy - What Is Ahead? - 08 May 2020

April nonfarm payrolls confirmed what we already knew—the labor market is collapsing. By the survey week of April 12, net employment had fallen by 20,500,000 jobs.

This Week's State Of The Economy - What Is Ahead? - 24 September 2021

While fears of an Evergrande default in China were rattling financial markets, for those of us in Southeast Texas who have survived the typically very hot months of July, August and September, this week brought the very welcome first early fall-like

This Week's State Of The Economy - What Is Ahead? - 03 February 2023

During January, payrolls jumped by 517K, the unemployment rate fell to 3.4% and average hourly earnings rose by 0.3%. The FOMC raised the fed funds target range by 25 bps to 4.5%-4.75% this week.

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.

This Week's State Of The Economy - What Is Ahead? - 22 March 2024

During February, existing home sales and housing starts both topped expectations and rose at robust rates. Meanwhile, initial jobless claims have remained subdued so far in March.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

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

Copyright © 2024 TC Global Commercial. All rights reserved.