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.




Where Will That $2 Trillion Come From Anyway?

Net Treasury issuance is set to surge in the coming weeks and months. At present, we look for the federal budget deficit to be $2.4 trillion in FY 2020 and $1.7 trillion in FY 2021.

This Week's State Of The Economy - What Is Ahead? - 13 August 2021

The general outlook remains positive as households have accumulated over $2T in excess savings on their balance sheets and net worth has risen across all income groups.

This Week's State Of The Economy - What Is Ahead? - 04 June 2021

The CDC\'s relaxation of its mask mandate occurred mid-May, and as data for that month begins rolling in this week, it is evident there is no lack of demand. Supplies, on the other hand, are a worsening problem.

This Week's State Of The Economy - What Is Ahead? - 20 December 2019

President Trump became the third president in U.S. history to be impeached by the House, but removal by the Senate is highly unlikely. The House also passed the USMCA, which should be signed into law in early 2020.

This Week's State Of The Economy - What Is Ahead? - 02 July 2020

It was a mildly busy week for foreign economic data and events, while global COVID-19 cases continued to rise.

This Week's State Of The Economy - What Is Ahead? - 25 October 2024

The housing sector was in focus this week. During September, existing homes sales remained in a slump and declined to a fresh cycle low, while new home sales bucked the trend and rose solidly.

Rising COVID-19 Cases Put A Damper On Re-openings

The rising number of COVID-19 infections gained momentum this week, with most of the rise occurring in the South and West. The rise in infections is larger than can be explained by increased testing alone and is slowing re-openings.

This Week's State Of The Economy - What Is Ahead? - 22 January 2021

Housing starts jumped 5.8% during December. Single-family starts soared 12%, while multifamily starts dropped 13.6%.

This Week's State Of The Economy - What Is Ahead? - 10 July 2020

The ISM non-manufacturing index jumped 11.7 points to 57.1, reflecting the broadening re-opening of the economy.

This Week's State Of The Economy - What Is Ahead? - 27 March 2020

The U.S. surpassed Italy and China with the most confirmed cases of COVID-19. Europe is still the center of the storm, with the total cases in Europe’s five largest economies topping 230,000.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2025 TC Global Commercial. All rights reserved.