This Week's State Of The Economy - What Is Ahead? - 08 April 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Apr 11, 2022

This Week's State Of The Economy - What Is Ahead? - 08 April 2022

Long-time readings of my weekly musings no doubt know I would never let Astros Opening Day pass without comment.  Not to disappoint, I’ll simply point out that yesterdays Opening Day win versus the Los Angeles Angels represents the Astros 10th consecutive opening day victory, tying the Major League record set by the Boston Beaneaters, who won ten in a row between 1887-96.  The Astros have not lost an Opening Day game since their move to the American League in 2013.

 

In an otherwise calm week of data, Wednesday's release of the FOMC minutes stirred things up as comments showed committee members agreeing that elevated inflation and the tight labor market at present warrant balance sheet reduction to begin soon. However, the FOMC minutes also stressed that current economic indicators continue to point to strong activity, which was affirmed by the strong domestic demand that drove the ISM services index higher in March and kept the February trade balance at a record deficit.




This Week's State Of The Economy - What Is Ahead? - 20 March 2020

Daily life came to a screeching halt this week as governments, businesses and consumers took drastic steps to halt the COVID-19 pandemic.

May 2020 Economy at a Glance

The U.S. is in a severe recession caused by the sudden shutdown due to the COVID-19 pandemic. Since the lock down began, the nation has lost 21.4 million jobs.

This Week's State Of The Economy - What Is Ahead? - 27 January 2023

Real GDP expanded at a 2.9% annualized pace in Q4. While beating expectations, the underlying details were not as encouraging. Moreover, the weakening monthly indicator performances to end the year suggest the decelerating trend will continue in Q1.

August 2020 Economy At A Glance

Downstream involves the refining and processing of oil and natural gas into fuels, chemicals, and plastics. All three sectors are well-represented in Houston.

This Week's State Of The Economy - What Is Ahead? - 29 January 2021

Economic data came in largely as expected this week and suggest continued economic recovery.

The Regional Breakdown Of A Labor Market In Meltdown

Employment fell in all 50 states and 43 states saw their unemployment rate rise to a record in April. The damage is already hard to fathom-a 28% unemployment rate in Nevada and still another month of job losses ahead.

This Week's State Of The Economy - What Is Ahead? - 19August 2022

July data indicates that we celebrated a decline in gas prices by going shopping, boosting retail sales figures. I’m not sure I get the connection...

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

The real estate sector has been significantly affected by rising interest rates, with total housing starts falling 8.1% in September. Peering ahead, the forward-looking Leading Economic Index points to a recession in the coming year.

This Week's State Of The Economy - What Is Ahead? - 04 October 2024

The separate survey of households shows employment rising 430K and unemployment falling 281K in September, leading the unemployment rate to unexpectedly tick down a tenth to 4.1%.

This Week's State Of The Economy - What Is Ahead? - 12 June 2020

Lock downs began to be lifted across most of the country by the end of May and the total amount of daily new coronavirus cases has been trending lower. But the flattening case count has not been consistent across the country.


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