Wells Fargo Weekly Economic & Financial Commentary – July 31, 2015 Never A Dull Moment Durable goods orders rose solidly in June, thanks largely to continued strength in commercial aircraft orders. Consumer confidence surprised to the downside, tumbling 8.9 points to 90.9 in July. The FOMC meeting policy statement showed the Fed still firmly moving […]
Continue ReadingBank of the West US Outlook Report: Dissecting FOMC Intentions Don’t waste a lot of time dissecting the July FOMC statement. The Federal Reserve remained coy in their July statement released on Wednesday about when they plan to initiate their first Fed funds interest rate hike. The lack of clear hints in the July FOMC statement […]
Continue ReadingInstant Analysis of Today’s Employment Report for July 2015 by Bank of the West The July FOMC statement didn’t give economists and markets much more to go on about the expected timing of the first rate hike from the Fed. There were no clear-hints of a September rate hike buried in the statement. In short, […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – July 24, 2015 Housing Market Still Showing Strength June existing home sales increased 9.6 percent from a year ago. Other housing market metrics have also pointed to expansion. Median existing home prices are up 6.5 percent from a year ago and new home sales are 18.1 percent […]
Continue ReadingBank of the West US Outlook Report: No Worries Mate- Rebound Continues You might actually get a restful August vacation in this year. With Greece well on its way towards another bailout package, and China managing to calm its stock market plunge, there appears a window of opportunity for U.S. domestic demand to blossom uninterrupted by […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – July 17, 2015 Data Support the Case for Sub Two Percent Q2 Growth Retail sales posted a 0.3 percent decline in June while May’s reading was downwardly revised, suggesting less consumer spending for the second quarter. Industrial production posted a 0.3 percent increase in June; however the […]
Continue ReadingUS Outlook Report: Remain Calm and Carry On What did our parents say again? Don’t sweat the small stuff? June U.S. economic data have come in a bit on the downbeat side with some high profile misses for retail sales and nonfarm payrolls at the same time that financial markets have been rattled by events […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – July 10, 2015 Economic Growth in the U.S. Moving Along The ISM nonmanufacturing composite index rose in June and continues to show an economy that is relying on improvement in the service sector to boost overall activity. Job openings in May were consistent with the moderate gain […]
Continue ReadingU.S. Outlook: Financial volatility takes center stage The economic and financial drama unfolding in Greece and China is dominating the headlines and has relegated the discussion of Fed liftoff to the back pages of the newspaper. While we don’t dismiss the downside economic risks to China and the Eurozone economies from what has occurred, especially […]
Continue ReadingBPC Expert Briefing – NOAA Presentation on the California Ocean Economy July 30, 2015 9:30am to 11:00am East Bay Municipal Utility District 375 11th Street, Oakland, CA 94607 Briefing Materials: NOAA Ocean Economy Presentation NOAA Story Map – “The Oceans and Coasts – A Driver for Inland Economic Activity” Briefing Agenda On July 30th, NOAA’s Office for Coastal Management […]
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