Inflation Becomes a Political Bitch for Democrats as People’s Mood Sours amid Biggest Fed-Fueled Boom for the Wealthy by Wolf Richter • Nov 14, 2021 • 254 Comments Time to nominate some hawks to the Fed’s Board of Governors.
The Fed Lost Control of the Inflation Narrative by Wolf Richter • Nov 4, 2021 • 247 Comments Mega-policy decisions to boost demand. Now mega-consequences.
THE WOLF STREET REPORT: The Fed Lost Control of the Inflation Narrative by Wolf Richter • Oct 31, 2021 • 166 Comments Mega-policy decisions to boost demand. Now mega-consequences.
Fed’s Assets from Crisis to Crisis to Raging Inflation: Balance Sheet Update by Wolf Richter • Oct 28, 2021 • 125 Comments Assets at $8.6 trillion. QE faces Tapering. Already gone: Swaps, repos, corporate bonds, bond ETFs, corporate paper, money market bailouts.
While the Fed Still Fuels the Fire, the Bank of Russia Throws Shock-and-Awe Rate Hikes at Raging “Persistent” Inflation, But US Inflation Not Far Below Russia’s by Wolf Richter • Oct 22, 2021 • 154 Comments These mega rate hikes likely have Putin’s support because inflation can become a political bitch.
“Wage Pressures,” “Robust Wage Growth,” “Wage Inflation,” even “Wage War” Plastered All Over Fed’s Beige Book by Wolf Richter • Oct 20, 2021 • 148 Comments Wages are heating up. And it’s also now starting to show up in the data: The wage component in the fuel for persistent big inflation.
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.
