Where Americans Spend their Trillions on Goods and How that Changed since 2015 by Wolf Richter • Mar 6, 2026 • 15 Comments Big structural changes in spending patterns created winners and losers.
Supply of Labor Fell in 2025 on Immigration Crackdown: Massive Change in Labor Market Dynamics that Explains a Lot by Wolf Richter • Mar 6, 2026 • 36 Comments The annual adjustments of the labor force to the new population estimates are in, and they’re revealing.
Update on the Fed’s Balance Sheet and its Reserve Management Purchases by Wolf Richter • Mar 5, 2026 • 23 Comments Adding T-bills, shedding MBS, Treasury note & bond balances on ice, SRF unused.
Companies Report Raging Inflation, Except in Wages & Rents by Wolf Richter • Mar 5, 2026 • 142 Comments Double-digit increases in employee health insurance costs hold down wage increases.
U.S. Gasoline Demand Fell Further amid Long-Term Structural Shift: Plunging Per-Capita Consumption by Wolf Richter • Mar 4, 2026 • 70 Comments Even as miles driven rose to a record.
Oil Jumps, but It’s Not the 1970s anymore: US Crude Oil Production Hits Record, Net Exports Soar, Imports Decline by Wolf Richter • Mar 3, 2026 • 38 Comments The US has become a large exporter of value-added petroleum products, including diesel and gasoline.
10-Year US Treasury Yield Flipflops, Spikes by 14 Basis Points to 4.07%, after Plunging to 3.93%, amid Massive Volatility by Wolf Richter • Mar 2, 2026 • 61 Comments It undid more than the entire haven trade that had started on Thursday and blew through the hot PPI inflation on Friday.
Drill Baby Drill for 20+ Years: US Natural Gas Production Jumps to Record, Exports via LNG & Pipeline Spike to Record in 2025 by Wolf Richter • Mar 2, 2026 • 30 Comments And the price of US natural gas fell back to where it had been 30 years ago.
Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom, Bust, and in Between by Wolf Richter • Feb 28, 2026 • 34 Comments Despite the hoopla about data centers, spending on factory construction was five times larger.
Services PPI Inflation Explodes. Goods PPI Jumps as Companies Shuffle Tariffs to Each Other. Food & Energy Plunge by Wolf Richter • Feb 27, 2026 • 104 Comments It will further fuel the acceleration of the Fed-favored PCE Price Index.
