PPI, “Core” PPI, “Core Services” PPI Inflation Much Hotter after Whopper Up-Revisions Going Back Months by Wolf Richter • Dec 12, 2024 • 80 Comments The problem is in services, which account for 67% of PPI. But goods prices are re-accelerating too. The whole inflation scenario has changed.
Beneath the Skin of CPI Inflation: CPI & “Core” CPI Accelerate Further Month-to-Month, 3-Month Averages Heat Up for 4th Month. Year-over-Year, CPI Accelerates for 2nd Month by Wolf Richter • Dec 11, 2024 • 64 Comments On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off.
GM Shuts Down its Misbegotten Robotaxi Money-Pit after Acquiring Cruise in 2016 and then Blowing $10 Billion on It by Wolf Richter • Dec 10, 2024 • 95 Comments Cruise was supposed to generate $50 billion in revenues by 2030, according to GM’s former hype, which Wall Street ate up.
Credit-Market Mania Crushed “Yield Spreads” & Risk Premiums, but Corporate & CRE Borrowing Costs Are Still Much Higher by Wolf Richter • Dec 9, 2024 • 45 Comments Loosey-goosey financial conditions don’t mean low borrowing costs. They just mean narrow yield spreads.
Used-Vehicle Prices Turn into Inflation Headwind, after Historic 2-Year Plunge Helped Power the “Deceleration” of Core CPI by Wolf Richter • Dec 7, 2024 • 47 Comments Prices are rising again, amid tight supply, sharply reduced flow through the used-vehicle pipeline, and strong demand.
Labor Market Doing Fine. The Fed Can be “Careful” with Rate Cuts. Maybe Time for Some Wait-and-See? by Wolf Richter • Dec 6, 2024 • 73 Comments Payrolls & wages jump, prior 2 months revised higher, solid bounce-back from Hurricanes and Boeing strike. 3-month average payrolls +173,000!
Fed Balance Sheet QT: -$98 Billion in November, -$2.07 Trillion from Peak, to $6.90 Trillion, Lowest since May 2020 by Wolf Richter • Dec 5, 2024 • 71 Comments Quantitative Tightening has shed 43% of the assets the Fed had added during pandemic QE. Bank-panic facility BTFP is vanishing.
Everybody Should Get Used to these Mortgage Rates, Says Fannie Mae CEO: Mortgage Rates, 10-Year Treasury Yields, QT, and Spreads by Wolf Richter • Dec 5, 2024 • 62 Comments “Current mortgage rates and Fannie Mae’s forecast for 2025 rates are well in line with rates over the past several decades.”
Cut the Price and They Will Come: New-Vehicle Sales Jump amid Big Discounts and Incentives, as Inventory Balloons by Wolf Richter • Dec 4, 2024 • 91 Comments But prices are still way too high, and automakers are not cutting them nearly enough.
Underlying Job Market Dynamics Begin to Retighten. The Fed Is Already Backpedaling on the Pace and Depth of Rate Cuts by Wolf Richter • Dec 3, 2024 • 99 Comments Job openings and voluntary quits jumped by the most in over a year, layoffs and discharges plunged.
