This Week's State Of The Economy - What Is Ahead? - 17 June 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jun 20, 2022

This Week's State Of The Economy - What Is Ahead? - 17 June 2022

Two such innings in the same game is not believed to have ever been accomplished in the modern history of major league baseball.  After last week's stronger-than-expected CPI, less surprising was the 75 point rate increase put forth by the Fed.  Meanwhile, markets went into a churn on the increased risk of recession that rate increase introduces. The Bank’s economists now look for the U.S. economy to experience a mild contraction in mid-2023 as economic data released this week add to evidence that the chances of a soft landing are fading.  The economic ground beneath us continues to shift.




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The week began amid rising tensions carrying over from the U.S. killing of Iranian General Qasem Soleimani last Friday.

2021 Annual Economic Outlook

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it looks like higher mortgage rates are starting to have some effect on the housing market as April...

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Market attention was concentrated on the January consumer price data, as inflation has come back into focus.


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