Wells Fargo Weekly Economic & Financial Commentary – July 31, 2015
Never A Dull Moment
- Durable goods orders rose solidly in June, thanks largely to continued strength in commercial aircraft orders.
- Consumer confidence surprised to the downside, tumbling 8.9 points to 90.9 in July.
- The FOMC meeting policy statement showed the Fed still firmly moving forward with plans to raise interest rates at some point later this year.
- Revisions to the earlier reported GDP figures and a much softer Employment Cost Index for the second quarter raise some doubts as to whether the Fed will move in September.
Click here to read the full Wells Fargo Weekly Economic & Financial Commentary for July 24, 2015.
Tags: economy