This Week's State Of The Economy - What Is Ahead? - 12 May 2023

By: Taro Chellaram /Wells Fargo Economics & Financial Report/May 17, 2023

This Week's State Of The Economy - What Is Ahead? - 12 May 2023

Inflation remains uncomfortably high in the United States. In April, the CPI rose 0.4% on both a headline and core basis, keeping the core running at a 5.1% three-month annualized rate. However, details pointed to price growth easing ahead, while the Producer Price Index and NFIB small business survey also suggested more meaningful disinflation is on its way.  Maybe that’s why the bond market is currently priced for 75 bps of Fed easing by the end of the year. One interpretation of that pricing is a 25% probability of 300 bps worth of easing coupled with a 75% probability of no easing.  Count me in the 75% and still perplexed why some think this simple return to historically “normal” interest rate levels should somehow lead to any easing back to abnormally lower rates later this year.  That said, I’m wrong about so many things, so frequently, that a view contrary to mine may be the safe play.




July 2020 Economy At A Glance

The recent surge in COVID-19 cases indicates that elected officials re-opened the economy too soon, that too many Americans are flaunting social distancing guidelines, and that the virus is likely to be around longer than we’d hoped.

September 2020 Economy At A Glance

A March survey by the Federal Reserve Bank of Dallas found most exploration firms need West Texas Inter-mediate (WTI) at $49 per barrel or higher to profitably drill a well.

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.

This Week's State Of The Economy - What Is Ahead? - 09 April 2021

This week\'s economic data kicked of with a bang. The ISM Services Index jumped more than eight points to 63.7, signaling the fastest pace of expansion in the index\'s 24-year history.

This Week's State Of The Economy - What Is Ahead? - 06 November 2020

As of this writing, the outcome of the U.S. presidential election is undecided. Joe Biden, however, appears likely to become president based off of his growing lead in several key states.

This Week's State Of The Economy - What Is Ahead? - 02 December 2022

Total payrolls rose by 263K in November, with the unemployment rate holding steady at 3.7% and average hourly earning rising by 0.6%.

This Week's State Of The Economy - What Is Ahead? - 30 September 2022

Just as I know the folks in Florida are resilient and will recover in time, incoming data indicate a slowing yet resilient economy.

This Week's State Of The Economy - What Is Ahead? - 05 June 2020

Data this week continued to suggest the U.S. economy hit rock bottom in April. Still, it is a long road to recovery and the pickup in economic activity will be gradual.

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?

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 © 2023 TC Global Commercial. All rights reserved.