Wells Fargo Economics
Holiday Spending Expected to Rise 3.5-4% Despite Consumer Anxiety and Tariff Pressures
Wells Fargo forecast points to decent but below-average retail season as inflation concerns and early shopping reshape traditional patterns American consumers are heading...
Home Builder Confidence Climbs in October as Mortgage Rates Ease to 6.3%
NAHB index rises five points in October, with future sales expectations seeing the largest jump since January The residential construction industry is showing...
Wells Fargo: Inflation Holds Firm at 3.1% as Tariffs and Demand Keep Pressure on Prices
Federal shutdown delays data release, but Wells Fargo expects sticky inflation through mid-2026 The American consumer’s ability to keep spending is proving to...
Wells Fargo: Small Business Optimism Index Falls to 98.8 in September Prior to Government Shutdown
September uncertainty spike and weakening expansion appetite offset modest gains in hiring and sales The mood among America’s small business owners has turned...
Wells Fargo: U.S. Growth Forecast Lifts to 2% for 2025 as Consumers Keep Spending Through Uncertainty
Economists upgrade outlook despite labor market fragility and inflation hovering near 3% Economic forecasters are adjusting their expectations for the American economy as...
When the Government Shuts Down, Hotels Feel the Pinch
Federal closures create ripple effects across commercial real estate, with Washington’s hospitality sector bearing the brunt The federal government shutdown may seem like...
Report: Consumer Confidence Hits Five-Month Low in September as Labor Market Concerns Mount
Sentiment gauge drops 3.7 points in September as job market differential signals weakening employment conditions American consumers are growing increasingly uneasy about their...
Report: Consumer Spending Rises in August, Defies Economic Headwinds
August data shows household resilience with Q3 growth now forecast at double previous estimates The American consumer continues to confound predictions of an...
Wells Fargo: U.S. Housing Market Stalls at 4MM Sales as Affordability Crisis Persists
August data shows resales down 0.2 percent as mortgage rates and rising prices continue to squeeze buyers The American housing market’s recovery remains...
Wells Fargo: Revised GDP Data Shows U.S. Economy Growing at 3.8% in Second Quarter
Upward revisions in consumer spending and business investment point to resilience as durable goods orders extend momentum into Q3 The U.S. economic picture...
Wells Fargo: New Home Sales Jump 20.5% as Builder Incentives Counter Market Headwinds
August surge to 800K unit pace may signal temporary reprieve rather than sustained recovery The housing market continues to grapple with affordability challenges...
Wells Fargo: Consumer Spending Defies Economic Headwinds as Online Sales Surge
Retail sales jump 0.6 percent in August, driven by e-commerce growth and resilient auto purchases despite inflation concerns American consumers continued their spending...
