Economics Group: Weekly Economic & Financial Commentary
U.S. Review
Inflation Rising, Housing Not so Much
- Despite the acceleration in consumer prices, the Fed is unlikely to change its current course for a rate hike in the middle of next year.
- The housing recovery remains slow. Existing home sales perked up in June, while new home sales erased all of the gains made in May.
- Durable goods orders beat expectations and the factory sector looks to have improved further into July.
- The economy appears to have bounced back in the second quarter and should maintain growth just shy of 3 percent for the rest of the year.
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Wells Fargo Weekly Economic & Financial Commentary – July 25, 2014
Tags: economy