This Week's State Of The Economy - What Is Ahead? - 26August 2022

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

This Week's State Of The Economy - What Is Ahead? - 26August 2022

I can understand how the opportunity to participate in lots of scintillating economic policy discussions could make fishing look exciting in comparison.  Speaking of the economy, a second guesstimate at Q2 GDP is that it posted a 0.6% quarterly decline, slightly better than the first-reported 0.7% drop. New home sales fell 12.6% in July, reflecting the ongoing downshift in housing activity. Durable goods orders were essentially flat in July, while personal income and spending rose 0.2% and 0.1%, respectively. University of Michigan consumer sentiment improved to 58.2 in August.  Glad to hear we’re all feeling a bit better.




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2021 Annual Economic Outlook

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