This Week's State Of The Economy - What Is Ahead? - 13 May 2022

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

This Week's State Of The Economy - What Is Ahead? - 13 May 2022

Important financial statistics to end the week on:

  • Consumer Price Index (CPI) up 0.3% for April and 8.3% for the year.
  • Carlos Correa - .255 Avg., .693 OPS with 2 HR for the season.  Salary $35.1M
  • Producer Price Index (PPI) up 0.5% for April and 11.0% for the year.
  • Jeremy Pena - .276 Avg., .853 OPS with 6 HR for the season.  Salary $700K

While small business enthusiasm appears to have stalled, as owners are concerned about their ability to continue to pass on higher costs to consumers, cautious enthusiasm around rookie Jeremy Pena’s start persists.  There’s still a lot of time left in the year, but the feeling among our economists is that consumer price inflation may have peaked, but the climb down from here will not be free of obstacles.  Similarly, Jeremy Pena’s obstacle will be adjusting as pitchers learn where his weak spots are.  If successful, he has strong rookie of the year potential.




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