This Week's State Of The Economy - What Is Ahead? - 14 April 2023

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Apr 20, 2023

This Week's State Of The Economy - What Is Ahead? - 14 April 2023

On balance, this week's data show the U.S. economy is losing momentum.  I also lost momentum on Friday…thus I’m getting this to you late Saturday.  Hopefully nobody has been sitting by their computer this whole time anxiously awaiting the arrival of my normal Friday distribution.

Indicative of the economy’s slowdown, in March retail sales fell 1.0%, manufacturing production slipped 0.5% and the consumer price index rose a modest 0.1%. Underlying strength in core inflation suggests the FOMC will raise rates at its next meeting in May, but the Wells Fargo economics brain trust believes the tightening cycle will end there at a terminal target range of 5.00%-5.25%.  That would be a welcome relief to borrowers, but we’ll see.




This Week's State Of The Economy - What Is Ahead? - 07 October 2022

higher interest rates and inflation appear to be weighing on manufacturing and construction, yet service sector activity remains fairly resilient.

This Week's State Of The Economy - What Is Ahead? - 18 August 2023

The FOMC meeting minutes acknowledged the economy\'s resilience and continued to stress the Committee\'s resolve to bring inflation back down toward its 2% goal.

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.

This Week's State Of The Economy - What Is Ahead? - 18 November 2022

The resiliency of the U.S. consumer was also on display, as total retail sales increased a stronger-than-expected 1.3% in October, boosted, in part, by a 1.3% jump in motor vehicles & parts and a 4.1% rise at gasoline stations.

This Week's State Of The Economy - What Is Ahead? - 28 April 2023

U.S. Economy expands but at a weak rate. Regional bank failures cause corporate investment spreads to widen again. House Republicans pass bills that affect the debt ceiling.

This Week's State Of The Economy - What Is Ahead? - 10 June 2022

CPI increases continue to sizzle like this weekend’s temperature, putting consumers in a worse mood than Texas Rangers fans (with their 9.5 games back $500 million middle infield).

This Week's State Of The Economy - What Is Ahead? - 16 February 2024

The out-of-consensus start to the year for economic data continued with a slip in retail sales and industrial production followed by a startling 14.8% drop in housing starts during January.

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?

This Week's State Of The Economy - What Is Ahead? - 15 April 2022

What do pollen and the Consumer Price Index (CPI) have in common? Answer; both are hitting new highs. This week’s U.S. economic data was led by the largest month monthly increase in the Consumer Price Index (CPI) since September 2005.

This Week's State Of The Economy - What Is Ahead? - 30 April 2021

The gain in output leaves the level of real GDP just a stone\'s throw below its pre-COVID Q4-2019 level (see chart).


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