The Price of Easy Money Now Coming Due by Wolf Richter • Dec 25, 2022 • 216 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
PCE Price Index for Services Doesn’t Let Up. Goods Inflation Improves. Why Powell Is Frustrated with Inflation in Services by Wolf Richter • Dec 23, 2022 • 61 Comments Services inflation rages, but the durable-goods PCE price index had biggest month-to-month drop in years: yardstick for the Fed’s inflation target.
THE WOLF STREET REPORT: The Price of Easy Money Now Coming Due by Wolf Richter • Dec 18, 2022 • 188 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
Fed Pivots even More Hawkish, Sees Peak Rate above 5%, No Rate Cuts in 2023. Powell Brushes Off Raising Inflation Target by Wolf Richter • Dec 14, 2022 • 243 Comments “We’ve raised 425 basis points this year.” Now it’s “not so important how fast we go” but “what the ultimate level is,” and “how long we remain restrictive.”
How Big Are the Fed’s Losses and Where Can We Go See Them? by Wolf Richter • Dec 9, 2022 • 156 Comments We find a good rubbernecking spot.
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.
“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.
The Fed’s Liabilities under QT: November Update by Wolf Richter • Nov 27, 2022 • 105 Comments Total liabilities dropped by $344 billion since QT began. Big shifts between liabilities: reserves already plunged by $1.12 trillion.
