Who’s on the Hook for Multifamily CRE Mortgages? #1 Taxpayers, far ahead of #2 Banks by Wolf Richter • Mar 18, 2024 • 94 Comments Another reason why the Fed can let the CRE swoon rip.
Short-Term Treasury Market Walks Away from Rate-Cut Mania, Inflation Has Upper Hand by Wolf Richter • Mar 15, 2024 • 231 Comments One-year yield rose to 5.05% today, highest since December 12.
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.
Why I Started a Finance Website and other Stuff about Banks, Bailouts, the Fed, and Being Pissed Off by Wolf Richter • Mar 13, 2024 • 50 Comments Wolf Richter with Nick Halaris.
Beneath the Skin of CPI Inflation, February: Inflation Saga far from Over, Core CPI & Core Services in Ominous 6-Month Trend by Wolf Richter • Mar 12, 2024 • 236 Comments Core services CPI — 61% of total CPI and infamous for historic head fakes — is approaching 6% annualized six-month average.
Fed’s QT Going Forward: the Treasury Maturity Schedule & Roll-off under Current QT Plan, and How a New QT Plan Might Fit by Wolf Richter • Mar 11, 2024 • 162 Comments Treasury QT will naturally slow in June 2025 when the Fed runs out of T-bills. Fed governors have teased us with interesting options.
The Banks: “Unrealized Losses” in Q4, Securities Held by Banks, Bank Failures, and the Dropping Bank Count by Wolf Richter • Mar 10, 2024 • 129 Comments In 2024, some banks will fail. In 2023, five banks failed. In 1989, over 500 banks failed. Since 1936, there were only 5 years without bank failures.
Employment Trends in Manufacturing; Construction; Oil & Gas; Professional & Business Services; Information; Healthcare; Retail; Leisure & Hospitality; Finance; Transportation… by Wolf Richter • Mar 8, 2024 • 99 Comments The Good, the Bad, and the Ugly?
Fed Balance Sheet QT: -$1.43 Trillion from Peak, to $7.54 Trillion, Lowest since February 2021 by Wolf Richter • Mar 7, 2024 • 159 Comments Quantitative Tightening has now removed 35% of Treasury securities and 25% of MBS that pandemic QE had added.
