Economics Group: Weekly Economic & Financial Commentary
U.S. Review
A Busy Week for Fiscal and Monetary Policy
- With three dissenters, the FOMC slightly tweaked its language describing the period of time between the end of the QE program and when the first rate hike would take place.
- November industrial production data showed an impressive pace of industrial output for the month, while October’s data were revised higher.
- Housing starts fell a surprising 1.6 percent in November after posting a 1.7 percent increase in October.
- Consumer prices slid in November, declining 0.3 percent with energy prices pulling the headline index lower. Core prices edged higher a slight 0.1 percent for the month.
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Wells Fargo Weekly Economic & Financial Commentary — December 19, 2014
Tags: economy