Inflation Galore Now: Fed Started Rate Cuts at the Low Point 6 Months Ago, just as Inflation Began to Resurge by Wolf Richter • Mar 28, 2025 • 105 Comments Core PCE price index jumps MoM by most in 13 months on Non-Housing Services. Recreational Services blow out. Durable Goods continue 6-month trip out of deflation.
US Government Fiscal Mess: Debt, Deficit, Interest Payments, and Tax Receipts: Q4 2024 Update on an Ugly Situation by Wolf Richter • Mar 27, 2025 • 162 Comments The Deficit-to-GDP ratio and Debt-to-GDP ratio get even uglier.
In the South & West, Pending Sales of Existing Homes Mark Worst February in the Data, as Inventories in Florida, Texas, California Surge by Wolf Richter • Mar 27, 2025 • 52 Comments Frozen sales meet ballooning inventories.
Treasury Yield Curve Re-Inverts with Sag in the Middle, as Government Swats Down 10-Year Yield. But Mortgage Rates Don’t Follow all the Way, Spread Widens by Wolf Richter • Mar 22, 2025 • 105 Comments Short-term Treasury yields of 6 months or less stay put above 4%.
Where Condos Already Came Unglued: 10 Big Cities with Price Drops from 10% to 22% from Peak by Wolf Richter • Mar 21, 2025 • 80 Comments Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets.
Who Holds the Ballooning US Government Debt, even as the Fed and Foreign Holders Unloaded Treasury Securities in Q4? by Wolf Richter • Mar 18, 2025 • 59 Comments An increasingly important question in iffy times. Here are the holders as of Q4, who dumped, who bought.
The Most Splendid Housing Bubbles in America, Feb 2025: The Price Drops & Gains of 33 Largest Costliest Housing Markets by Wolf Richter • Mar 17, 2025 • 114 Comments Below 2022 highs: Austin, San Francisco, Phoenix, San Antonio, Denver, Sacramento, Dallas-Ft. Worth, Portland, Salt Lake, Seattle, Tampa, Raleigh, Houston, Atlanta, Charlotte, Nashville, Las Vegas, Minneapolis, Orlando…
Money Market Funds & CDs: Americans’ $11-Trillion in Cash, Not Trash, Much of it Still Earning 4%+ by Wolf Richter • Mar 14, 2025 • 87 Comments Tsunami of cash is still washing over money market funds. But banks’ fight for deposits is over.
Drill-Baby-Drill for 20 Years: US Natural Gas Production and Exports via LNG & Pipeline Rose to New Records in 2024 by Wolf Richter • Mar 2, 2025 • 72 Comments Prices rose from the collapsed levels in the prior year and are back where they’d been in 1996, down by 70% from the peak in 2005.
PCE Inflation Hits 4.0% Month-to-Month Annualized, Worst since March. 3-Month PCE Hits 2.9%, Worst since April. But Massive “Base Effect” in Services Cools YoY Increases by Wolf Richter • Feb 28, 2025 • 30 Comments December, prior months revised higher. Goods prices jump month-to-month by most since August 2023, turn positive for first time in a year.
