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.




This Week's State Of The Economy - What Is Ahead? - 05 May 2023

In April, employers added 253K jobs and the unemployment rate fell to 3.4%. During the same month, the ISM services index edged up to 51.9, while the ISM manufacturing index improved to 47.1.

This Week's State Of The Economy - What Is Ahead? - 28 February 2020

The COVID-19 coronavirus hammered financial markets this week and rapidly raised the perceived likelihood and magnitude of additional Fed accommodation.

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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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Retail sales declined 0.4% during February, while industrial production was flat (0.0%). Housing starts and permits jumped 9.8% and 13.8%, respectively.

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Retail and Industrial activity were stronger than the headline data suggest, there are also some signs of weakening.

This Week's State Of The Economy - What Is Ahead? - 09 April 2020

The Federal Reserve announced a series of measures this morning that are intended to assist households, businesses and state & local governments as they cope with the economic fallout of the COVID-19 outbreak.

This Week's State Of The Economy - What Is Ahead? - 04 August 2023

Employment growth was broad-based, though reliant on a 87K gain in health care & social assistance. Modest gains from construction, financial activities and hospitality also contributed to private sector job growth.

This Week's State Of The Economy - What Is Ahead? - 18 October 2019

Personal consumption is still on track for a solid Q3, but retail sales declined in September for the first time in seven months.

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? - 13 August 2021

The general outlook remains positive as households have accumulated over $2T in excess savings on their balance sheets and net worth has risen across all income groups.


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