Beneath the Skin of CPI Inflation: “Core CPI” Accelerates for 3rd Month on Sharp Flip of Used Vehicle Prices, Sticky Services Inflation. Gasoline Plunged by Wolf Richter • Oct 10, 2024 • 185 Comments Surging homeowner insurance and other homeowner costs fuel OER CPI, which is now hotter than rent CPI.
Florida Housing Market Buckles, Listing Prices Sag to 30-Month Low but Are Still Way Too High, Inventory Piles Up, Institutional Investors Turn into Net Sellers by Wolf Richter • Oct 8, 2024 • 187 Comments He who panics first, panics best. Mr. Holmes, with no offers in 9 months, missed that train and is chasing prices lower.
More Evidence this May Be the End of the Historic Plunge of Used Vehicle Prices that Had Pushed Down CPI by Wolf Richter • Oct 7, 2024 • 44 Comments Amid tight supply and strong demand.
Fed Balance Sheet QT: -$66 Billion in Sept., -$1.92 Trillion from Peak, to $7.05 Trillion, Back to May 2020. To Drop Below $7 Trillion in 1-2 Months by Wolf Richter • Oct 3, 2024 • 72 Comments Quantitative Tightening has shed 40% of the assets added during pandemic QE.
Here Come the Vacant Homes: New Listings Jump when they Normally Drop in September, Active Listings Pile up, Listing Prices Drop below 2 Years Ago. Buyers on Strike, Prices too High by Wolf Richter • Oct 3, 2024 • 84 Comments Sellers coming out of the closet with their vacant homes. Active listings exploded the most in San Diego (+77%).
Epic Office Glut Hits Records in San Francisco, Atlanta, Chicago, Los Angeles, Seattle, Washington DC. Dallas Availability Rate Dips to 30%, Houston rises to 29% by Wolf Richter • Oct 1, 2024 • 44 Comments The “war for space” before the pandemic unravels into biggest office glut ever.
Corporate Pricing Power and Therefore Inflation Not Vanquished, Says Renewed Spike in Corporate Profits in Most Industries by Wolf Richter • Sep 26, 2024 • 98 Comments More evidence that underlying inflation dynamics are thriving.
Who Holds all these US Treasury Securities? Update on the Investors in the Ballooning US National Debt in Q2 by Wolf Richter • Sep 24, 2024 • 94 Comments As the Fed is unloading them, others are loading up.
Days after Rate Cut, S&P’s Flash PMI Sees Rising Inflation and Exhorts the Fed to “Move Cautiously” with “Further Rate Cuts” by Wolf Richter • Sep 23, 2024 • 130 Comments “The “reacceleration of inflation” suggests “the Fed cannot totally shift its focus away from its inflation target.”
Tesla Model Y Now Just a Hair from #1 Bestselling Model in the US, Toyota RAV4. Former #1 Ford F-150 is #3. Stellantis Plunges off Greed Cliff. EV Share Rises to 9.0% by Wolf Richter • Sep 20, 2024 • 161 Comments Rankings of top models & automakers by registrations in the US.
