Category: Wells Fargo Weekly

Wells Fargo Weekly Commentary: August 3rd

Another Week of Mixed Reports   A welcomed surprise was the nonfarm payrolls report, which came in well above consensus estimates registering an increase of 163,000 jobs in July. Household employment, however, dropped by 195,000 jobs and the unemployment rate edged a notch higher to 8.3 percent.   One disappointing release was the ISM manufacturing […]

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Wells Fargo Weekly Economic & Financial Commentary

See what Wells Fargo has to say about current economic times. Highlights include: Growth Remains Slow but Steady The economy expanded at a 1.5 percent pace in the second quarter, supported by personal consumption, business investment and residential construction. Government spending and net exports subtracted from growth. New home sales were beginning to slow as […]

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