Wells Fargo Economics
Report: Private Construction Spending Tumbles as Public Projects Defy Interest Rate Pressure
The construction industry’s struggle with elevated interest rates deepened in July, as overall spending declined 0.1 percent for the month and fell 2.8...
Report: Policy Uncertainty Extends Manufacturing Downturn Into Sixth Month
American manufacturers are caught in a prolonged downturn, with the Institute for Supply Management’s key manufacturing index registering its sixth consecutive month of...
Consumer Spending Shows Resilience Despite Warning Signs
American consumers continued to open their wallets in July, driving real consumer spending up 0.3 percent for the month—the strongest showing since March’s...
Report: Job Market Worries Weigh on Consumer Confidence Despite Optimism Ahead
American consumers are sending mixed signals about the economy’s direction, with confidence levels stuck in a holding pattern that reflects growing unease about...
New Home Sales Decline as Builders Grapple with Rising Inventory and Affordability Crisis
The American housing market is facing mounting pressure as new home sales declined 0.6 percent in July to an annualized pace of 652,000...
Housing Market Shows Mixed Signals as Building Permits Decline Despite Jump in Starts
U.S. housing activity presented a mixed picture in July, as total housing starts climbed 5.2 percent while building permits continued to weaken, according...
Small Business Optimism Climbs in July as Economic Outlook Improves, but Uncertainty Lingers
Small business sentiment in the United States improved notably in July, according to the latest report from Wells Fargo Economics, with the NFIB...
Core Inflation Surges to Six-Month High as Tariff Pressures Mount
The U.S. inflation landscape is showing signs of renewed pressure as goods and services respond to evolving tariff dynamics and shifting consumer behavior....
Consumer Spending Rebounds Slightly in June, But Signals Point to Strained Households
Consumer spending in the United States ticked up modestly in June, but signs of strain are growing among households, according to the latest...
Fed Holds Rates Steady in July, But Dissent Signals Growing Division Over Policy Path
The Federal Reserve opted to maintain interest rates in July, marking the fifth consecutive meeting with no change to the federal funds rate,...
Labor Market Holds Steady in June Despite Dip in Job Openings and Sluggish Hiring
The U.S. labor market continued to display signs of equilibrium in June, even as job openings declined and hiring slowed further, according to...
New Home Sales Tick Up in June, But Affordability Headwinds Persist
New home sales in the United States posted a modest uptick in June, edging 0.6 percent higher to a seasonally adjusted annual rate...
