Producer Price Inflation Explodes as the Services PPI Blows Out on Top of the Energy Price Spike by Wolf Richter • May 13, 2026 • 11 Comments This is a massive amount of inflation that companies are passing on to each other through much of the economy.
Construction Spending on Data Centers, Factories, Chip Plants, Powerplants, Office Buildings: Boom one End, Bust the Other by Wolf Richter • May 7, 2026 • 21 Comments AI investment mania and the second wave of semiconductor plants.
Without Government Spending & Trade, GDP Rose by 2.5% in Q1, Boosted by AI Investments. Debt-to-GDP Ticks up to 122.6% by Wolf Richter • Apr 30, 2026 • 20 Comments Consumer Spending Was OK-ish. Federal government spending spiked back partially after collapsing during the shutdown. Trade worsened.
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.
Fed Holds Rates, now with Only 1 Dissenter, Sees Accelerating Inflation & GDP Growth by Wolf Richter • Mar 18, 2026 • 79 Comments Dot Plot projections still point at 1 rate cut in 2026. Powell: “If we don’t see that progress [on inflation], then you won’t see that rate cut.”
Update on the Fed’s Balance Sheet and its Reserve Management Purchases by Wolf Richter • Mar 5, 2026 • 24 Comments Adding T-bills, shedding MBS, Treasury note & bond balances on ice, SRF unused.
Private Sector Ramps Up Hiring. Job Losses Mount at Federal & State Governments by Wolf Richter • Feb 11, 2026 • 64 Comments How much job growth is actually needed as population growth slows dramatically?
Single-Family Home Prices Barely up YoY, Condo Prices Fall, Highest Supply for Nov in Years, Sales at Housing Bust Levels by Wolf Richter • Dec 19, 2025 • 95 Comments The beginning of the 4th year of demand destruction in the resale market after the price explosion from mid-2020 to mid-2022.
Spike in Refis, Triggered by Small Dip in Mortgage Rates, Fizzled. Demand for Mortgages to Purchase Homes Still in Deepfreeze by Wolf Richter • Oct 8, 2025 • 69 Comments Mortgage rates are higher than before the rate cuts started over a year ago.
Core Services PPI Explodes, Worst since March 2020, Causes Overall PPI and Core PPI to Explode by Wolf Richter • Aug 14, 2025 • 223 Comments Food prices also spiked. Energy prices surged due to diesel, jet fuel, and industrial electric power. Ugly all around.
