Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation by Wolf Richter • Apr 26, 2024 • 199 Comments Housing inflation refuses to cool for eighth month, and five of the remaining seven core services accelerated further. This is not good.
Two Things about the PPI Today: The March Seasonal Adjustments Were Huge, and the 3-Month Rates All Jumped by Wolf Richter • Apr 11, 2024 • 93 Comments Including by 7.9% annualized for the not-seasonally adjusted PPI, worst since June 2022. So we’ll take a look.
Treasury Yields Spike, 3-Year by 25 Basis Points. Mortgage Rates Hit 7.34%. Services Inflation Smacks Down Rate-Cut Mania by Wolf Richter • Apr 10, 2024 • 185 Comments A Bloodbath was had by all?
Beneath the Skin of CPI Inflation, March: Inflation Behaves Very Badly, Saga Far from Over by Wolf Richter • Apr 10, 2024 • 201 Comments Ugly inflation in services drives up 3-month “core CPI” for 7th month, to 4.5% annualized, worst in a year, and 3-month overall CPI to worst since Nov 2022.
What Jamie Dimon Said about Long-Term Inflation, Fed Interest Rates (“2% to 8% or even more”), and QE/QT (it’s Risky) by Wolf Richter • Apr 8, 2024 • 150 Comments “Rates have been extremely low for a long time — it’s hard to know how many investors and companies are truly prepared for a higher rate environment.”
Fed’s Wait-and-See about Rate Cuts Supported by Highest-since-July Six-Month Core PCE & Core Services PCE Inflation by Wolf Richter • Mar 29, 2024 • 129 Comments And there were big upward revisions of the already hot readings for January.
Resurging Corporate Profits Show Inflationary Pressures Are Reheating after Lull: Corporate Profits by Major Industry by Wolf Richter • Mar 28, 2024 • 133 Comments But banks are having profit problems.
Amid Canada’s Huge Immigration Surge, Population Growth Hits 3.2%, Fuels 10% Rent Inflation, even as Home Prices Drop by Wolf Richter • Mar 27, 2024 • 144 Comments The record 1.27 million immigrants that arrived last year have to live somewhere.
What the PPI is Telling us: Disinflation in “Core Goods,” a Hefty Counterweight to Hot Services Inflation, May be Over by Wolf Richter • Mar 14, 2024 • 186 Comments And that’s very disconcerting.
Higher Forever? Even Yellen Starts to Get it: Higher Inflation & Higher Yields Are Here to Stay by Wolf Richter • Mar 13, 2024 • 201 Comments “It seems unlikely that yields are going to go back to being as low as they were before the pandemic”: Yellen.
