Wells Fargo Weekly Economic & Financial Commentary, March 15, 2013

  • by BPC Staff
  • on March 15, 2013
  • 0 Comments

It’s Beginning to Feel a Lot Like a Recovery

· This week’s economic reports had a much more normal recovery feel to them, particularly the stronger-than-expected retail sales report and hotter-than-expected inflation figures.

· The relentless march of the equity markets has raised concerns as to whether monetary policy is fueling another bubble. The rise, so far, appears to be in line with improving economic fundamentals, which may still be underestimated.

· Industrial production ramped up in February, driven by gains in manufacturing and utilities. The stronger report will help pull Q1 GDP estimates higher.

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