Wells Fargo Weekly Economic and Financial Commentary, January 24, 2014

The Recovery Remains in the New Year

  An uptick in the Leading Economic Index points to slightly stronger future growth, despite the most recent payroll survey adding little to the headline number.

 The housing recovery stumbled in the face of headwinds from higher mortgage rates but managed to turn itself around in December with an uptick in existing home sales and higher prices.

 Weekly Economic & Financial Commentary, January 24