Wells Fargo Weekly Economic & Financial Commentary – August 28, 2015 Markets Whipsawed, but the U.S. Economy Is Stable Fears that economic activity in China is much weaker than reported rattled global financial markets during the week. The VIX, which gauges equity market volatility, jumped to its highest level since late-2011. At the same time, […]
Continue ReadingUS Outlook Report: Tallying Up the Damage from Financial Panic Global investor confidence rapidly eroded this week before recovering some poise by week end, doing noticeable damage to global and U.S. stock market wealth. The selling pressure was mitigated temporarily as China jumped in on Tuesday with across the board 25-basis-point cuts to their monetary […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – August 21 2015 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 […]
Continue ReadingBank of the West US Outlook Report: Conflicting Signals from the Fed Minutes Bond investors, parsing the FOMC minutes from the July meeting, sensed hesitation about the timing of the first interest rate hike from the Fed and have since soundly convinced themselves that a move in September is virtually off the table. The Fed […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – August 14, 2015 Economic Conditions Still Moving on Up The Job Openings and Labor Turnover Survey (JOLTS) continued to show an improving labor market. Hiring increased during the month, while the hiring and job opening rate held steady. Headline retail sales also advanced during the month. Although […]
Continue ReadingBank of the West US Outlook Report: Dispatches from China Just when the July employment report and the markets suggested smooth sailing for the Fed to lift interest rates as soon as September (on Friday the futures market implied probability of a September Fed funds rate hike increased to 54%, the highest it has been […]
Continue ReadingBank of the West U.S. Outlook Report: It’s All About the Jobs The July jobs report came in about as we and the consensus expected. There is nothing in the report that should dissuade the FOMC from their initial rate increase in September. The net 215K nonfarm jobs created in July brings the year-to-date job […]
Continue ReadingLOGIN CREATE AN ACCOUNT July 2015 California Exports Fall Amid Global Conditions California’s export trade declined in the latest numbers. Compared to the same time last year, state exports were down 4.2%, a number that could have been worse given China’s deceleration… Read Full Analysis Now SHARE: Meet Our Experts Christopher Thornberg Christopher Thornberg is […]
Continue ReadingNOAA has developed several products associated with its economic projects – the Economics: National Ocean Watch (ENOW) project and the California Ocean Economy Pilot Study. Please find these materials at the links below: Economics National Ocean Watch Explorer (ENOW) NOAA Story Map – “The Oceans and Coasts – A Driver for Inland Economic Activity” County Snapshots
Continue ReadingA Roadmap to Shared Prosperity News from the California Economic Summit | CAECONOMY.ORG Report: Aligning California’s tax system with today’s economy (Photo: Violeta Vaqueiro) Thousands of civic leaders have been involved in the California Economic Summit, and a consistent theme is California needs more and smarter investments in human and […]
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