Markets Are “Fighting the Fed” by Wolf Richter • Aug 3, 2022 • 259 Comments One of the most important dictums in finance is this: “Don’t fight the Fed.” And this could get ugly.
THE WOLF STREET REPORT: Markets Are “Fighting the Fed” by Wolf Richter • Jul 31, 2022 • 317 Comments One of the most important dictums in finance is this: “Don’t fight the Fed.” And this could get ugly.
GDP Sunk by Plunge in Private Investment, Drop in Government Spending. Consumer Spending Rose Despite Raging Inflation by Wolf Richter • Jul 28, 2022 • 225 Comments What Powell had indicated: Consumers hung in there, amid strong labor market, surging wages. But private investment plunged, incl -14% in residential.
Powell Puts 75-Basis-Point Hike on Table for Sept, Fed “Determined” to Get Inflation Down, Come Heck or High Water: Most Hawkish FOMC Press Conference I Ever Watched by Wolf Richter • Jul 27, 2022 • 363 Comments “People at the lower income spectrum are suffering from high inflation”: Seems Powell wants markets to come out of denial.
Fed’s QT Kicks Off: Total Assets Drop by $74 Billion from Peak, New Era Begins by Wolf Richter • Jul 7, 2022 • 245 Comments QE creates money. QT does the opposite: it destroys money.
Can the Government Even Pay the Rising Interest Expense on its Gigantic Debt as the Fed Pushes up Rates? Yes. Here’s Why by Wolf Richter • Jun 27, 2022 • 282 Comments Higher rates eventually enforce a sort of discipline on the drunken party in government and even in the private sector. That would be a good thing.
Fed Stops Dillydallying. So OK, Maybe No Softish Landing. Markets on their Own by Wolf Richter • Jun 15, 2022 • 297 Comments This is fast moving now, but the Fed is still pouring fuel on the fire.
These Jobs Reports Are Not Good for Stocks by Wolf Richter • Jun 3, 2022 • 160 Comments And the Fed can see the budding Wage-Price Spiral too.
Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections, and Bankruptcies by Wolf Richter • May 10, 2022 • 259 Comments But the first upticks in delinquencies from breath-taking record lows are cropping up.
Holy-Moly Mortgage Rates Hit 5.64%, 10-Year Treasury Yield 3.12%, Long-Term Treasury Bond Fund Gets Massacred by Wolf Richter • May 7, 2022 • 306 Comments So the Fed Gets Ready to Walk Away from the Bond Market, and All Kinds of Stuff Happens.
