This Week's State Of The Economy - What Is Ahead? - 11 March 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Mar 16, 2022

This Week's State Of The Economy - What Is Ahead? - 11 March 2022

Russia's invasion of Ukraine continues to consume nearly all media attention and has created a level of volatility that is not yet reflected in the data released this week, which was mostly collected from that time long ago before the Russian invasion of Ukraine.  Some data points that still seem relevant are the U.S. trade deficit, which widened to a record $89.7B in January, while job openings remained elevated and consumer prices continued their string of white-hot gains in February.  My “commodity of the day” today is Nickel.  Check it out on p. 11.  It was $27,582/metric ton just last Friday and $48,241/metric ton today.  Wow.




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The global mobility playing field is equalizing. Major European countries such as Germany and France have seen a slowdown in recent weeks, leaving them right in line with the United States relative to the January baseline.

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

Although payroll growth is easing, the labor market remains relatively tight. The unemployment rate inched up to 3.9% in October, slightly higher than the cycle low of 3.4% first hit in January 2023, but still low compared to historical averages.

This Week's State Of The Economy - What Is Ahead? - 04 November 2022

Employers continued to add jobs at a steady clip in October, demonstrating the labor market remains tight and the FOMC will continue to tighten policy.

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Although the recovery from the COVID recession is still far from over, the U.S. economy is bouncing back faster than many expected.

November 2020 Economy At A Glance

U.S. gross domestic product (GDP) grew 7.4 percent, or $1.3 trillion in Q3, adjusted for inflation.

Economic Uncertainty Seems Removed Going Into The New Year 2020

The U.S. economy continues to expand, albeit at a moderate pace. The U.S. Bureau of Economic Analysis reports U.S. gross domestic product (GDP) grew 2.1 percent in Q3/19.

This Week's State Of The Economy - What Is Ahead? - 04 June 2021

The CDC\'s relaxation of its mask mandate occurred mid-May, and as data for that month begins rolling in this week, it is evident there is no lack of demand. Supplies, on the other hand, are a worsening problem.

The Regional Breakdown Of A Labor Market In Meltdown

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Increased vaccinations and an improving public health position led to an easing of restrictions and pickup in activity across the country in March.

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The fact that capital goods shipments surprised on the upside was one of the few things that went right in this week\'s durable goods report.


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