By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant changes in expectations came from: Personal Spending increasing by 0.2% Nonfarm Payrolls declining by 14% from 187K to 160K turning negative from 4.6% to -4.4% Total Vehicle Sales declining  by 0.8% from 15.74M to 15.6M These changes in expectations come following this weeks Durable Goods report (-5.2% MoM and +3.8% YoY) and New Single-Family Home Sales increasing 4.4%, up 31.5% YoY. READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant changes in expectations came from: New Home Sales increasing by 1.0% Durable Goods Orders (MoM) turning negative from 4.6% to -4.4% These changes in expectations come following this weeks Housing Starts report (+3.9% MoM and 5.9% YoY) and Industrial Production increasing 1.0% being lead by Utilities output (+5.4%). READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant changes in expectations came from: Import Price Index decreasing from -6.1%  to -4.6% Housing Starts increasing from 1,434K to 1,455K (+1.4%) Industrial Production turning positive from -0.5% to 0.2% These changes in expectations come following this weeks Consumer Price Index (CPI) report (+0.2% MoM and +3.2% YoY) and Producer Price Index (PPI) report (+0.3% MoM and +0.8% YoY). READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant changes in expectations came from: Trade Balance decreasing from -$69.0B  to -$67.0B PPI Final Demand increasing from 0.1% to 0.7% Unit Labor Costs dropping from 4.2% to 2.1% These changes in expectations come on the heels of labor market reports showing a cooling labor market (187k new jobs vs 200k expected). However, while the labor market is cooling, average hourly earnings are up 4.4%. READ THE ORIGINAL ARTICLE