10-Year Yield Jumped to 1.66% as Fed’s Waller Got Hawkish, Shredded Inflation Indexes that Strip out Food, Energy & Outliers, Put Faster Taper & Sooner Rate Hikes on Table by Wolf Richter • Oct 19, 2021 • 136 Comments “Greatly concerned” that inflation “will not prove temporary.”
Inflation Expectations Come Unanchored: People Expect Red-Hot Price Increases to Eat Wage Gains plus their Lunch & Dinner by Wolf Richter • Oct 12, 2021 • 202 Comments The Fed is going to have a heck of a time calling inflation expectations “well anchored.”
My “Wealth Effect Monitor” for the Money-Printer Economy: Holy Moly, October Update by Wolf Richter • Oct 2, 2021 • 254 Comments The bottom 50% need not apply. They just get to eat the soaring costs of housing. How the Fed totally blew out the already gigantic wealth disparity during the pandemic.
Fed’s Lowest Lowball Inflation Measure Hits 30-Year High by Wolf Richter • Oct 1, 2021 • 118 Comments “Transitory” is the new Spandex.
Treasury General Account Plunges by $100 Billion in One Week. How Close to Zero Will it Get? by Wolf Richter • Sep 30, 2021 • 112 Comments “Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own by Wolf Richter • Sep 29, 2021 • 206 Comments Blames tangled-up supply chains but not what’s causing supply chains to get tangled up: The most grotesquely overstimulated economy ever.
When Fed Doves Get Hawkish… Balance Sheet Runoff Should Start at End of Taper, First Half 2022: Bullard by Wolf Richter • Sep 28, 2021 • 114 Comments “Inflation could be a lot more persistent than we had hoped.”
10-Year Yield Jumps to 1.43% as Bond Market Reacts to what the Fed Said Yesterday about Tapering, Rate Hikes, and Inflation by Wolf Richter • Sep 23, 2021 • 170 Comments The Fed is getting nervous about inflation. “Temporary” doesn’t cut it anymore. And the bond market is getting a whiff of it.
As Overnight Reverse Repos Spike to Record $1.28 Trillion, Fed Doubles Per-Counterparty Limit, Keeps Adding Counterparties by Wolf Richter • Sep 22, 2021 • 147 Comments This mega-liquidity suck has mopped up cash amounting to 10 months of QE.
Home Sales Fall from Year Ago, Prices Down for 2nd Month, Price Reductions Jump: This “Deceleration” Despite Massively Negative Real Mortgage Rates by Wolf Richter • Sep 22, 2021 • 188 Comments But now the Fed is planning to end QE.
