Wells Fargo Economics
March Rate Cut Unlikely as Labor Market Stabilizes, Wells Fargo Sees 2 More Cuts in 2026
Solid consumer spending, 70K average monthly payroll growth and core PCE easing to 2.6 percent by Q4 shape updated U.S. outlook After a...
Beyond AI: U.S. Capital Investment Shows Early Signs of Broadening Recovery
New data on durable goods orders and industrial production point to stabilizing capex in traditional sectors, even as the AI investment boom continues...
CRE Capital Flows Rise in Q4 2025 as Commercial and Multifamily Originations Gain Momentum
Wells Fargo Economics says easing monetary policy is supporting broader lending activity across property types Capital is beginning to move more freely across...
Existing Home Sales Drop 8.4% to 3.91MM in January as Mortgage Rates Hover Near 6.1%
Wells Fargo Economics says weather disruptions and lingering affordability pressures restrained early-year activity Housing market momentum cooled to start the year, as a...
U.S. Payrolls Rise 130,000 in January as Unemployment Falls to 4.3%
Wells Fargo Economics says stronger hiring and steady 3.7 percent wage growth bolster case for Federal Reserve to hold rates steady A year...
Q4 Employment Cost Index Rises 3.4%, Marking Slowest Compensation Growth Since 2021
Wells Fargo Economics says labor costs remain in a “Goldilocks zone” as wage pressures ease and benefit growth moderates As policymakers weigh the...
December Retail Sales Stall at 0% as Holiday Gains Reach 3.6%
Control group sales slip 0.1 percent in December, but economists maintain outlook for sustained consumer spending into 2026 As retailers closed the books...
Small Business Optimism Slips in January as Hiring Plans Ease, Sales Outlook Hits 2025 High
Wells Fargo Economics says labor market remains in “a state of malaise” despite firmer revenue expectations Business sentiment often shifts before hard economic...
Data Center Sales Push U.S. CRE Transactions to Highest Level Since 2022
Wells Fargo Economics points to falling rates and a single outsized deal as key drivers behind a $186B fourth-quarter rebound After two years...
Labor Market Shows Persistent Weakness as Job Openings Slide to Lowest Level Since 2021
Hiring remains sluggish while layoff warnings mount, raising concerns about employment stability The American labor market continues to show signs of strain as...
U.S. Home Prices Rise 0.4% in November as Regional Gaps Continue to Widen
Wells Fargo Economics points to modest but durable appreciation amid supply limits and affordability pressure After a period of cooling that stretched through...
January Hiring Seen at 80,000 as Labor Market Shows Signs of Gradual Cooling
Wells Fargo Economics expects steady unemployment, softer wage pressure, and downward revisions to 2025 job growth After several years in which the labor...
