HomeContributorsFundamental AnalysisWeekly Economic & Financial Commentary: Fed on the Fence

Weekly Economic & Financial Commentary: Fed on the Fence

By Wells Fargo Securities

Nov 15 25, 02:04 GMT

Summary

United States: Fed on the Fence

A wave of hawkish Federal Reserve commentary casting doubt on a December rate cut provided financial markets news to digest in the absence of any major economic data releases this week.
Next week: Nonfarm Payrolls (Expected Tue. or Wed.), Existing Home Sales (Thu.)

International: Mixed Momentum in Global Activity

This week’s data releases painted a mixed picture across major economies: The UK maintained modest Q3 growth with wage gains slowing, Australia’s labor market rebounded from last month’s weakness, while China’s activity data continued to soften.
Next week: Japan GDP (Mon.), Canada CPI (Mon.), Eurozone PMIs (Fri.)

Topic of the Week: A Shutdown Solution at Last

The longest government shutdown on record came to an end this week. With federal employees coming back to work in full force, the backlog of economic data should start to clear next week, but the impact on the U.S. data flow will reverberate for months to come.

Full report here.

Stay udpated with our FREE Forex Newsletters

Download our Free Forex Ebook Collection

Wells Fargo Securities http://www.wellsfargo.com/

Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S broker-dealer registered with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Securities Investor Protection Corp. Wells Fargo Securities, LLC, distributes these publications directly and through subsidiaries including, but not limited to, Wells Fargo & Company, Wells Fargo Bank N.A, Wells Fargo Advisors, LLC, and Wells Fargo Securities International Limited. The information and opinions herein are for general information use only. Wells Fargo Securities, LLC does not guarantee their accuracy or completeness, nor does Wells Fargo Securities, LLC assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice, are for general information only and are not intended as an offer or solicitation with respect to the purchase or sales of any security or as personalized investment advice. Wells Fargo Securities, LLC is a separate legal entity and distinct from affiliated banks and is a wholly owned subsidiary of Wells Fargo & Company © 2010 Wells Fargo Securities, LLC.

Featured Analysis

Learn Forex Trading