Treasury Market Scuttles Hope for December Rate Cut, Doubts January Cut, after Hawkish Fed Minutes by Wolf Richter • Nov 19, 2025 • 31 Comments “Many participants suggested that … it would likely be appropriate to keep the target range unchanged for the rest of the year.”
Social Security Fiscal Year 2025: Trust Fund Balance, Income, Outgo, Deficit, and Interest Rates by Wolf Richter • Nov 18, 2025 • 83 Comments The deficit doubled, as benefit payments spiked in part due to the expansion of Social Security, while income rose only slowly.
Another Sign that a Major Rethink of the Size of the Fed’s Balance Sheet Is Gaining Momentum by Wolf Richter • Nov 17, 2025 • 103 Comments Warsh, on the shortlist for Fed Chair, advocates for more QT, a smaller balance sheet, and lower short-term rates, in sync with Bessent.
Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom at One End, Bust at the Other End by Wolf Richter • Nov 17, 2025 • 62 Comments But spending on factories dwarfs spending on data centers.
THANK YOU 💖 for Your Wonderful Support of WOLF STREET!!! And if You Missed the Fall Reminder: Please Donate by Wolf Richter • Nov 16, 2025 • 11 Comments Your support keeps Wolf Street open to all, not hidden behind a paywall, to reach the largest audience possible.
The Most Splendid Housing Bubbles in America: Price Drops & Gains in 33 Large Expensive Metros in October 2025 by Wolf Richter • Nov 16, 2025 • 67 Comments Prices fell year-over-year in 22 of the 33 metros. In 9 of the 33, prices rose to new highs.
Government Sold $694 Billion of Treasuries this Week, Debt Hits $38.2 Trillion, Treasury Yields Rise Further, Shift to T-Bills Begins by Wolf Richter • Nov 14, 2025 • 145 Comments Long-term Treasury yields under pressure, amid large auctions of notes and bonds, despite shift to T-bills.
Data Fog Engulfing October due to Government Shutdown May “Never” Be Fully Lifted by Wolf Richter • Nov 13, 2025 • 73 Comments Survey-based data doesn’t exist because the surveys were not conducted in October. But data that companies electronically submitted exists.
Inflation Rages in Streaming Services by Wolf Richter • Nov 12, 2025 • 115 Comments Consumers, despite their ultra-foul mood, are not pushing back with waves of cancellations that would keep a lid on streamflation.
A 50-Year Mortgage Does Nothing for “Affordability,” Is a Terrible Deal for Homeowners and a Superb Deal for Banks & Investors by Wolf Richter • Nov 11, 2025 • 167 Comments Monthly payment of a 50-year mortgage of $500,000 would be only $91 lower than of a 30-year mortgage, but homeowners would get crushed by nearly $1 million in interest.
