“Rent” Inflation in Canada Spikes to Highest since 1983, amid Spike in Population. Homeownership CPI Remains Red-Hot by Wolf Richter • Oct 18, 2023 • 76 Comments Prices eased in other categories.
Acceleration of Inflation Continues, Core Services Inflation Spikes despite the Massive Health-Insurance Adjustment by Wolf Richter • Oct 12, 2023 • 266 Comments This was the last of 12 health insurance adjustments that pushed down core CPI and core services CPI; it will swing the other way next month.
My Take on What QT Has Done to Stocks, Bonds, Commercial Real Estate (Lots of Bloodletting) & What it’ll Do Going Forward by Wolf Richter • Oct 7, 2023 • 215 Comments Fundamentals boiled down to QE or QT since 2009. Now there’s lots of QT, globally, to battle the worst inflation in decades.
Fed Balance Sheet QT: -$1.0 Trillion from Peak, to $7.96 Trillion, Lowest since June 2021. In September Alone -$146 billion by Wolf Richter • Oct 5, 2023 • 111 Comments Dual milestone: down $1 trillion & below $8 trillion. Fed shed 26% of Treasuries it had added during pandemic QE.
PCE Inflation Index Revised Higher Going Back 2 Years. “Core Services” PCE Price Index Was Much Hotter by Wolf Richter • Sep 29, 2023 • 52 Comments Fed’s favored inflation measures get a big upward revision going back across this bout of inflation.
Another Recession Indicator Refuses to See a Recession: Corporate Profits without Federal Reserve Banks Hit Record by Wolf Richter • Sep 28, 2023 • 136 Comments Massively inflated during the pandemic, corporate profits are still not normalizing, and bode well for future investments and economic growth.
S&P 500 Equal Weight Index Dips into Red Year-to-Date. Shows Entire Market Depends on 8 Giants, but They’re Swooning Too by Wolf Richter • Sep 27, 2023 • 135 Comments QE giveth, QT taketh away. The two sucker rallies this year of the S&P 500 Equal Weight Index got wiped out.
In Very “Hawkish Hold,” Fed Keeps Rates at 5.50% Top of Range, Sees One More Hike in 2023, Only Two Rate Cuts in 2024, to 5.25%. QT Continues by Wolf Richter • Sep 20, 2023 • 205 Comments The shocker was the infamous “dot plot”: Higher for even longer, ending the year 2024 at 5.25%.
Worst “Rent” Inflation since 1983 & Red-Hot Homeownership CPI Fuel Canada’s CPI Surge. Bank of Canada in a Pickle of its Own Making by Wolf Richter • Sep 19, 2023 • 140 Comments Inflation dished up another nasty surprise. Other costs jumped too. Gasoline didn’t help. This was a broad-based mess.
Fed’s Balance Sheet Liabilities: RRPs Plunge, Reserves Rise after Bank Panic, Currency in Circulation Dips after Pandemic Spike, TGA Gets Refilled by Wolf Richter • Sep 16, 2023 • 116 Comments QT’s impact on the Fed’s liabilities, and massive movements between them.
