U.S. Economy Keeps on Trucking
- The housing recovery remains on track with existing home sales rising 2.0 percent in July and starts continuing to rise.
- Early readings on the manufacturing sector for August were mixed, but on balance suggest activity in the factory sector continues to expand at a modest pace.
- The consumer price index came in a bit lower than expected for July but the trend in inflation remains steady. Minutes from the July FOMC meeting showed “some” Fed officials were not yet confident that inflation is moving back to target, but “most” noted conditions for liftoff were “approaching.”
Click here to read the full Wells Fargo Weekly Economic & Financial Commentary for August 21, 2015.Tags: economy