Wells Fargo Weekly Economic & Financial Commentary: Housing Market Still Strong Following two straight monthly declines, housing starts rebounded in September on the back of solid gains in the multifamily sector. Permits were less encouraging, with declines in both single- and multifamily. Despite the choppy starts readings in recent months, we expect residential investment to […]
Continue ReadingUS Outlook Report: Economy is Looking Better in October Following August and September’s abrupt slowdown, the economic data points so far for October suggest the U.S. economy is picking up some momentum in the fourth quarter. This should help to raise expectations of a better Q4 GDP report and could make a December rate hike […]
Continue ReadingSofter Economic Data Increases Questions for the Fed Retail sales rose a disappointing 0.1 percent in September while August’s sales figures were revised downward. Excluding automobiles, sales fell 0.3 percent for the month suggesting that consumer spending likely ended the third quarter on a softer note. Consumer and producer prices continued to show month-over-month declines […]
Continue ReadingUS Outlook Report: Core Inflation Holds Firm in the Third Quarter In your heart you know there is still inflation out there, no matter what the government or Federal Reserve says. Indeed, the September consumer price index release this week held some interesting information about the future path of inflation. While the headline CPI continued […]
Continue ReadingUS Outlook Report: Replacing Liftoff with Gradual Levitation The word “liftoff” brings visions of a rocket on the launch pad ready to vault into outer space. But recent downward revisions to our growth outlook for 2016, suggest a far calmer interest rate normalization approach, more like a day old helium balloon that is able to […]
Continue ReadingBank of the West US Outlook Report: Start the Pre-Game Show It’s almost game time. Like the pre-game show before the Super Bowl, we are hearing non-stop commentary about next week’s FOMC decision and Yellen press conference. You are probably either tired of hearing about it by now, or so excited you’re already reaching for […]
Continue ReadingUS Outlook Report: Tallying Up the Damage from Financial Panic Global investor confidence rapidly eroded this week before recovering some poise by week end, doing noticeable damage to global and U.S. stock market wealth. The selling pressure was mitigated temporarily as China jumped in on Tuesday with across the board 25-basis-point cuts to their monetary […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary Where Are the Gasoline Savings Going? · Retail sales fell more than expected in January, declining 0.8 percent. While price-related declines at gasoline stations weighed heavily on the headline, sales excluding gas were flat on the month. · The labor market showed further signs of firming, with the […]
Continue ReadingKeep in Touch with Public Sector Funding – Join CASA for an upcoming one-day seminar that will explore funding opportunities specific to the wastewater sector. You won’t want to miss this unique event! Featured speakers include: Kevin M. Hardy, General Manager, Encina Wastewater Authority Thursday, October 16, 2014 10:00 a.m. – 3:00 p.m. Orange County […]
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