Wells Fargo Weekly Economic & Financial Commentary — October 17, 2014

Wells Fargo Weekly

Economics Group: Weekly Economic & Financial Commentary

U.S. Review

Ghouls, Hobgoblins and Global Turmoil

• This week’s scary headlines helped stoke financial market volatility and raise fears about the economic growth and reawaken concerns about deflation

• Economic reports were generally mixed this week, with weaker reports on retail sales, producer prices and business inventories but stronger reports on industrial production and weekly first-time unemployment claims.

• Housing starts came in close to expectations in September, with starts climbing 6.3 percent. Builder sentiment slipped in October, however, falling 5 points to as still solid 54.

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Wells Fargo Weekly Economic & Financial Commentary – October 17, 2014