This Week's State Of The Economy - What Is Ahead? - 29 July 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jul 31, 2022

This Week's State Of The Economy - What Is Ahead? - 29 July 2022

Now we head into the hottest part of the summer…August.  Is that frightening or what?  Unlike the local temperatures, data released this week showed U.S. economic growth modestly declined in Q2. New home sales were yet another data release that pointed toward a cooling housing market.  In case you’ve been under a rock, the FOMC continued its fight against elevated inflation with its second consecutive 75 bps increase in the federal funds rate this week.




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