THE WOLF STREET REPORT: Something Big Has Already Broken: Price Stability by Wolf Richter • Oct 9, 2022 • 331 Comments The Fed will tighten “Until Something Breaks” and then pivot? Wait a minute…
Most Contorted Job Market Ever Struggling to Revert to Normalcy? by Wolf Richter • Oct 7, 2022 • 154 Comments Last jobs report before next Fed meeting. Not giving the Fed any material for second thoughts about ratcheting up its rates.
Fed’s QT: Total Assets Drop by $206 Billion from Peak by Wolf Richter • Oct 6, 2022 • 111 Comments What the Fed did in details and charts. And, well, “Primary Credit” is starting to show up again.
The Most Splendid Housing Bubbles in Canada, September Update: House Prices Plunge by Wolf Richter • Sep 22, 2022 • 109 Comments The ridiculous price spikes now face Bank of Canada’s monster rate hikes, QT, and spiking mortgage rates.
Powell’s Whatever-it-Takes Moment: Policy “WILL Be Enough to Restore Price Stability.” Fed Hikes by 75 Basis Points. Shocker, Sees 4.4% by End of 2022 by Wolf Richter • Sep 21, 2022 • 286 Comments “Housing market will have to go through a correction … to where people can afford housing again”: Powell
Even in Japan, Inflation Begins to Rage after 23 Years of True Price Stability by Wolf Richter • Sep 20, 2022 • 54 Comments Bank of Japan lets yen go to heck, trade deficit blows out, costs surge for manufacturers, prices surge for consumers.
Retail Sales Doing Just Fine, Thanks Shoppers. But Sales at Gas Stations Sag on Plunge in Gasoline Prices by Wolf Richter • Sep 15, 2022 • 107 Comments Retail sales without gas stations jumped 0.8% in August from July. Inflation shifted away from goods (retailers) to services.
The Day Wall Street’s Narrative of “Inflation is Over” Fell Apart: A Sea of Red by Wolf Richter • Sep 13, 2022 • 221 Comments But for yield investors: Short-term Treasury yields near 4%. Six-month CD yields at 3.5%, if you shop around.
Services Inflation Spikes, Core CPI Jumps, Food Inflation Worst since 1979, Durable Goods Rise, but Gasoline & Airfares Plunge by Wolf Richter • Sep 13, 2022 • 274 Comments An ugly CPI print of inflation that’s entrenched and getting worse in vast parts of the economy. The Fed will have a heck of a time cracking down on it.
What Americans Are Driving: Vehicles in Operation, Used-Vehicle Exports, EVs, and Stuff for Engine Geeks by Wolf Richter • Sep 9, 2022 • 158 Comments No, those used vehicle exports are not all going to Mexico. On the contrary.
