Wells Fargo Weekly Economic & Financial Commentary – March 20, 2015

Mixed Economic Data and A Cautious Fed

  • This week’s FOMC meeting statement dropped the word patient but the tone remained very dovish.
  • Industrial production activity remained modest in February after posting a decline in January.
  • Data on February housing starts showed a sharp decline in new construction activity; however, permitting data looked more promising for future activity.
  • February’s leading economic index posted another slight rise suggesting that while growth is likely to moderate in the first quarter, overall economic momentum should be maintained.

Please, click here to read more.