Now on the Fed’s Table: Sell Bonds Outright to Push Up Long-Term Yields, Steepen the Yield Curve, and Get Rid of MBS by Wolf Richter • Feb 14, 2022 • 249 Comments “It could be a bumpy time”: Kansas City Fed President.
Mortgage Rates Hit 4.02%. Two-Year Yield Spikes by Most since 2009. Ten-Year Yield Goes over 2%. All Heck Breaks Loose by Wolf Richter • Feb 10, 2022 • 240 Comments Yields and rate-hike expectations spike. A rate hike now?
WHOOSH Goes the Dollar’s Purchasing Power in January as Inflation Now Infests Services by Wolf Richter • Feb 10, 2022 • 278 Comments Inflation is burning out of control, but the Fed is still pouring fuel on it. You can no longer just blame supply chains. This is far bigger.
Rough Day in the Bond Market: Treasury Yields Spike, 30-Year Fixed Mortgage Rate Nears 4%. Where’s the Magic Number? by Wolf Richter • Feb 5, 2022 • 243 Comments Fed’s coming tightening cycle sinks in, amid still brutally negative “real” yields, as bonds’ purchasing power gets eaten up by inflation.
Global Tightening amid Raging Inflation: February Update by Wolf Richter • Feb 3, 2022 • 224 Comments Brazil and Russia caught up via shock-and-awe rate hikes. But most central banks fell further behind. Then there are the reckless laggards.
Incredibly Spiking US National Debt Hits Monstrous $30 Trillion by Wolf Richter • Feb 2, 2022 • 253 Comments And now the TGA is spiking again.
Yields Spike, Stocks Dump, Futures Fall, Asia Sags, after Powell Explains How the Fed Will Crack Down on Inflation by Wolf Richter • Jan 26, 2022 • 257 Comments The balance sheet is “substantially larger than it needs to be,” and “there is a substantial amount of shrinkage to be done.” We’ll put some numbers to it.
The Fed’s Huge Income Statement for 2021 Is Out: Where its Revenues Came from and Where They Went by Wolf Richter • Jan 15, 2022 • 160 Comments “Net income” is a bizarre term for an organization that buys trillions of dollars of securities with money that it itself created.
Most Reckless Fed Ever: “Real” Federal Funds Rate Now the Most Negative Ever by Wolf Richter • Jan 12, 2022 • 159 Comments Even most junk bonds have negative “real” yields. And the Fed is still fueling this madness.
Wage Price Spiral Takes Off, Companies Point at it: Albertsons Shares -8%, JP Morgan’s Dimon Sees “Huge Pressure” on Labor Market by Wolf Richter • Jan 11, 2022 • 175 Comments The Fed finally sees it too.
