Wolf Richter

Fed Cuts by 25 Basis Points with 2 Dissents in Opposite Directions, QT to End, but MBS to Continue Rolling Off to Be Replaced by T-bills

by Wolf Richter • Oct 29, 2025 • 17 Comments

Flying blind and despite rising inflation.

Home Sales Have Not Improved at All Despite the Lowest Mortgage Rates in a Year

by Wolf Richter • Oct 29, 2025 • 11 Comments

Pending home sales and applications for mortgages to purchase a home are near historic lows, and lower mortgage rates have not stimulated demand.

Even as Revenues Grow, Amazon to Lay off 14,000. Why? AI & Corporate Efficiency. Walmart and Others Toot Similar Horn

by Wolf Richter • Oct 28, 2025 • 151 Comments

Revenue growth without employment growth. But Amazon spent $78 billion on capex in 2024 and more in 2025. So companies that get this cash hire more people than Amazon sheds?

The Cities Where Condo Prices Are Now Below their Housing Bubble Peaks 20 Years Ago

by Wolf Richter • Oct 26, 2025 • 53 Comments

Boom-Bust, Boom-Bust?

Food Inflation: The Price Spikes of Beef, Coffee, Eggs, and Dairy

by Wolf Richter • Oct 24, 2025 • 121 Comments

CPI for food at home has surged by 30% since January 2020. Food prices are nothing to be trifled with.

Massive Outlier in Owner’s Equivalent of Rent Pushed Down CPI, Core CPI, Core Services CPI: Something Went Awry at the BLS

by Wolf Richter • Oct 24, 2025 • 83 Comments

OER weighs 26% of CPI, 33% of core CPI, 44% of core services CPI. It moves the needle. CPI inflation would have been a lot hotter without this outlier.

Oh Elon, Californians Already Forgot? EV Sales, even Teslas, Spike in Q3 before End of Federal EV Incentives. ICE Vehicle Sales Plunge

by Wolf Richter • Oct 23, 2025 • 59 Comments

Tesla Model Y by far #1 bestseller in California. Cybertruck failed, Model S and X fell off list. Non-Tesla EVs soar to record.

Sales of Existing Single-Family Homes Rise but still 23% below 2019, Supply at 2016 Levels. Condo Sales Near Low in the Data, Supply at Housing Bust Levels, Prices Down YoY

by Wolf Richter • Oct 23, 2025 • 56 Comments

September marks third year in a row of sales wobbling along crushed levels.

US Treasury Debt Hits $38 Trillion after Spiking by $1 Trillion in 2.5 Months and by $1.8 Trillion since the Debt Ceiling

by Wolf Richter • Oct 22, 2025 • 99 Comments

But debt and interest expense don’t exist in a vacuum.

Falling Mortgage Rates further Reduce Demand in the Housing Market (Not so Paradoxically)

by Wolf Richter • Oct 22, 2025 • 38 Comments

Waiting for even lower mortgage rates comes on top of all the big issues that crush demand in the housing market.

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