Economics Group
Weekly Economic & Financial Commentary
U.S. Review
Inflationary Pressures Mounting, But Fed Holds Tight
• Both headline and core CPI posted large gains in May. Meanwhile, the Fed downplayed rising inflation and generally maintained its previous outlook for monetary policy.
• Industrial production came in stronger than expected, making the factory sector look healthier after the harsh winter hampered activity.
• The pace of residential construction is struggling to move higher, with permits and starts falling in May.
Follow the link below for the full report.
Wells Fargo Weekly Economic & Financial Commentary – June 20, 2014
Tags: economy