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 highlights are: CPI (MoM and YoY) remaining flat to expectations Core CPI (MoM and YoY) remaining flat to expectations PPI Final Demand (YoY) increasing from 0.9% to 1.4% 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: Personal Income (MoM) is expected to increase by 0.4% Durable Goods Orders turning positive from -5.4% to 3.1% New Home Sales increasing by 1.3% READ THE ORIGINAL ARTICLE

Is Nevada’s economy booming or middling? It depends on the questions, who you ask While the state rakes in record high tax revenues, workers are still facing slow wage growth and the nation’s highest unemployment rate. Sean Golonka December 10th, 2023 at 2:00 AM Looking at traditional indicators to get a sense of how Nevada’s economy is faring is a bit like betting on roulette. Betting on black — or in this case finding a positive metric? You may or may not come out on top because the state’s economy is filled with mixed signals. Good news: The state has seen 32 consecutive months of more than $1 billion in statewide gaming revenue. Bad news: Nevada has the highest unemployment rate in the nation — and has for months. Good news: Record tax collections have furnished the largest budget in state history. Bad news: Nevada ranks near-bottom nationally for average wages and wage growth. The national economy has been similarly difficult to parse. While the annual inflation rate has declined significantly since last fall, prices continue to rise and remain far above where they stood prior to the COVID-19 pandemic. The Federal Reserve, meanwhile, continues to navigate a soft [...]

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: CPI (MoM) is expected to remain unchanged and CPI (YoY) is expected to drop to 3.0% PPI Final Demand (MoM) turning positive from -0.5% to 1.0% Industrial Production (MoM) turning positive from -0.6% to 0.1% 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: Factory Orders (MoM) turning negative from 2.8% to -3.3% Nonfarm Payrolls increasing by more than 50% from 150K to 230K READ THE ORIGINAL ARTICLE