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:
- Retail Sales (MoM) turning negative from 0.7% to -0.2%
- Monthly Budget Statement Forecast declining by more than half from -$174B to -$65B
- CPI (YoY) slightly decreasing from 3.7% to 3.2%, still above the Fed’s 2% target
