This Week's State Of The Economy - What Is Ahead? - 20 May 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/May 29, 2022

This Week's State Of The Economy - What Is Ahead? - 20 May 2022

U.S. retail sales topped expectations in April, while industrial production also grew more rapidly than economists expected. Data on housing starts, home sales and homebuilder sentiment, however, showed tentative signs of cooling.  Aside from economics, this is also the time of year when a fresh crop of college graduates arrives on the scene to lend their efforts to moving the economy forward.  Congratulations to them and their financial supporters (i.e. parents) as well as the graduating high school seniors who will now be entering that next phase of their education, whether in college, the military or the “school of life”.  Congrats to them as well.




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Increased vaccinations and an improving public health position led to an easing of restrictions and pickup in activity across the country in March.

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Data released this week continue to show that the economic recovery has gained momentum in March. The much anticipated consumer boom has arrived.

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This Week's State Of The Economy - What Is Ahead? - 04 March 2022

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