Economics Group: Weekly Economic & Financial Commentary
U.S. Review
What Was That Noise?
- Since Chair Yellen’s comment a few weeks ago that recent price jumps were “noisy,” the discussion about Fed policy has been dominated by concern about a perceived complacency on the part of policy makers. A relatively tame CPI report this week may not completely quell that concern, but it removes some urgency from it.
- It was a big week for housing with three indicators released—builder sentiment, residential construction activity and home sales. All three came in better than consensus estimates. Is the long-awaited housing market recovery finally kicking in to gear?
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Wells Fargo Weekly Economic & Financial Commentary – August 22, 2014
Tags: economy