Tariff Cash Is Rolling In, Hits $28 Billion in July by Wolf Richter • Aug 2, 2025 • 15 Comments At this pace, tariffs will raise an additional $230 billion in corporate taxes a year. US nonfinancial corporate profits spiked to $3 trillion a year.
Slowing Supply of Immigrant Labor & Slowing Job Growth Keep the Job Market “in Balance” and the Unemployment Rate Low, Push Up Wages. Powell Talked about It by Wolf Richter • Aug 1, 2025 • 87 Comments The Fed’s dual mandate is “stable prices and maximum employment, not so much growth” in employment, he said at the press conference.
Homes for Sale in Big California Markets Pile Up, Days on the Market Spike to Highest in Years, despite Surge of Delistings, as Buyers Vanished by Wolf Richter • Jul 31, 2025 • 43 Comments Listings YoY: Orange County +50%, San Diego +44%, Los Angeles +38%, Riverside-San Bernadino +38%, Sacramento +37%, Fresno +33%, San Jose & Silicon Valley +29%; San Francisco metro +21%.
PCE Inflation Accelerates in Services and Goods. What Powell Is Waiting For by Wolf Richter • Jul 31, 2025 • 91 Comments Not everything rose. Prices fell for new vehicles, auto parts, auto accessories, and phones.
The Fed, Torn by Two Governor Dissents, Sticks to Wait-and-See, Keeps Rates at 4.25%-4.50%, Frets about Uncertainty by Wolf Richter • Jul 30, 2025 • 114 Comments “Uncertainty about the economy outlook” is back in full force in today’s statement, after it had “diminished” at the last meeting. QT continues.
Whacked Down by Plunging Inventories and Whacked Up by Plunging Imports, GDP Grows by 3.0% by Wolf Richter • Jul 30, 2025 • 22 Comments Consumer spending growth accelerated from low levels. Federal government spending drops for second quarter in a row.
Recklessly Ballooning US Government Debt Spikes by $519 Billion since Debt Ceiling, Expected to Hit $37.8 Trillion by Yearend. $722 Billion in Treasury Auctions this Week Alone by Wolf Richter • Jul 29, 2025 • 102 Comments A Mississippi River of debt issuance. But the Treasury buybacks are small.
About this Churn in the Job Market by Wolf Richter • Jul 29, 2025 • 26 Comments The epic red-hot turnover in the labor market in 2021 and 2022 that had reshuffled the entire work force is over.
Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land by Wolf Richter • Jul 27, 2025 • 167 Comments There are exceptions: Parts of commercial real estate are in a depression, and the housing resale market has frozen.
Treasury Market Sees No Rate Cut by Sept., 30-Year Treasury Yield Near 5%: The Yield Curve and “Real” Mortgage Rates by Wolf Richter • Jul 25, 2025 • 107 Comments At the long end, the bond market is nervous.
