The US Labor Market Confounds with its Countercurrents. It May Be the New Normal Labor Market by Wolf Richter • Mar 26, 2026 • 24 Comments The Fed has also struggled in dealing with this labor market.
Fed’s Operating Losses Declined to $19 Billion in 2025, “Unrealized Losses” Declined to $844 Billion by Wolf Richter • Mar 25, 2026 • 34 Comments QE hangover a little less atrocious after years of QT and lower interest rates.
There Goes the Spring Selling Season: Mortgage Rates Jump, Mortgage Applications to Purchase a Home Drop by Wolf Richter • Mar 25, 2026 • 56 Comments Mortgage purchase applications are down by 35% from the same period in 2019 in a housing market that remains frozen.
$5+ Diesel Could Unleash Inflationary Mindset the Fed Better Not “Look Through.” Inflation Was already Hot before Iran War by Wolf Richter • Mar 24, 2026 • 115 Comments When this inflationary mindset takes off, inflation becomes like a runaway train.
Construction of Data Centers, Power Plants, Factories, and Office Buildings: Boom & Bust by Wolf Richter • Mar 23, 2026 • 53 Comments Explosive spending on data-centers exceeded plunging spending on office buildings for the first time ever.
2-Year, 3-Year Treasury Yields Spike, Flip to Rate Hike. Yield Curve Uninverts. Government Sold $606 Billion of Treasury Securities this Week as the Borrowing Must Go On by Wolf Richter • Mar 21, 2026 • 94 Comments Whiff of turmoil in the bond market as inflation fears moved to the front and center.
Treasury Yields Spike, 10-Year to 4.39%, 30-Year to 4.96%, Mortgage Rates to 6.5%, as the Bond Market Gets Antsy by Wolf Richter • Mar 20, 2026 • 54 Comments Bond market frets about inflation, leveraged Treasury bets unwind, housing market frets about spring selling season.
Money-Market Funds & CDs: Americans’ Ballooning Piles of Interest-Earning Low-Risk Investments by Wolf Richter • Mar 20, 2026 • 50 Comments They’re investment choices, like bond funds, bonds, etc., not that illusory “cash on the sidelines.”
Prices of New Single-Family Homes Drop Further, Inventory of Completed New Homes for Sale Highest since 2009 by Wolf Richter • Mar 19, 2026 • 34 Comments Hoping for lower mortgage rates that may not come.
Bond Market Gets Edgy as US Treasury Debt Hits $39 Trillion, Spiking by $2 Trillion in 7.5 Months and Not Slowing Down by Wolf Richter • Mar 19, 2026 • 80 Comments But debt doesn’t exist in a vacuum: The Debt-to-GDP and Deficit-to-GDP ratios provide (ugly) context.
