Drop in 10-Year Treasury Yield & Mortgage Rates Is Just Another Bear-Market Rally. Longer Uptrend in Yields Is Intact, with Higher Highs and Higher Lows by Wolf Richter • Dec 4, 2022 • 149 Comments “Nothing goes to heck in a straight line.” That’s how functional markets adjust to a new reality: Higher inflation, higher rates.
Where Will Inflation & Interest Rates Go, How Far Can Housing Drop, Was FTX the Canary in the Crypto Mine, What Do I Really Think about EV Incentives (LOL) and New Vehicle Prices? by Wolf Richter • Dec 4, 2022 • 61 Comments Wolf Richter in an interview on these and other delectable topics on This Week in Money.
The Jobs Report in Light of what Powell Said: The Fed Cannot Create Supply of Labor, But it Can Slow the Demand for Labor by Wolf Richter • Dec 2, 2022 • 244 Comments Higher interest rates, for longer.
Fed’s Balance Sheet Drops by $381 Billion from Peak: December Update on QT by Wolf Richter • Dec 1, 2022 • 138 Comments Keeping an eye on stuff, including dollar liquidity swaps and Primary Credit.
In No Mood for Soft Landing, Americans Keep Splurging, Outspend Inflation, No Problem by Wolf Richter • Dec 1, 2022 • 175 Comments With this kind of demand, it’s hard to imagine that inflation will just vanish.
“Core Services” Inflation Gets Worse, “Core Goods” Inflation Backs Off: Yardstick for Fed’s Inflation Target, Core PCE, Nails What Powell Said Yesterday by Wolf Richter • Dec 1, 2022 • 125 Comments Inflation moving “sideways” at very high levels for nearly a year and hasn’t come down meaningfully, Powell said yesterday, and as we see today.
These Crazy Rallies on Hawkish Fed Plans Are Good Because Crashing Stocks & Seizing Credit Markets Would Cause the Fed to Wobble in its Inflation Crackdown by Wolf Richter • Nov 30, 2022 • 138 Comments There was a time when markets tried to force the Fed’s hand by crashing.
Layoffs, Quits, Job Openings, Hires, Wages: No “Landing” Yet for Job Market, Eager Employers Quickly Hire Laid-off Workers by Wolf Richter • Nov 30, 2022 • 50 Comments Workers still leveraging this historically tight labor market, but a little more cautiously?
Euro Inflation without Energy Rages to New Record. Overall CPI Second Worst Ever by Wolf Richter • Nov 30, 2022 • 133 Comments The ECB’s horror show.
The Most Splendid Housing Bubbles in America, November Update: Deflating Everywhere, Fastest in San Francisco & Seattle. Phoenix & Dallas Roll Over Too by Wolf Richter • Nov 29, 2022 • 217 Comments In several markets, prices plunged even faster than they’d spiked.
