Fed Refuses to Cut, Shifts Hawkish in the Statement, with Two Dissenters

by Wolf Richter • Jan 28, 2026 • 87 Comments

“Everything comes in suggesting that this year starts off on a solid footing for growth”: Powell in the press conference.

Population Growth Slows to Crawl, Net Migration May Turn “Negative”: Census Bureau’s New Population Estimates

by Wolf Richter • Jan 27, 2026 • 122 Comments

Hugely important for housing, employment, and consumer spending.

Hard to Imagine an Economic Slowdown until this Business Investment Boom Fizzles. Core Capital Goods Orders Show Why

by Wolf Richter • Jan 26, 2026 • 125 Comments

The five-month surge is a sign of strong business investment, partly driven by the AI infrastructure buildout.

Reach WOLF STREET Readers to Find that Perfect Talent for a Great Job, or to Showcase your Products & Services

by Wolf Richter • Dec 26, 2025

WOLF STREET readers are a fantastic bunch, and they’re right here.

US Government Struggles to Keep a Lid on 10-Year Treasury Yield and Mortgage Rates

by Wolf Richter • Jan 25, 2026 • 108 Comments

The “rate check” on Friday to put a floor under the yen was the latest step.

Americans’ Incomes from Wages & Salaries, Businesses & Farms, Rentals, Dividends & Interest, and Transfer Receipts

by Wolf Richter • Jan 23, 2026 • 110 Comments

But their massive capital gains, realized and unrealized, are not included here.

New-Vehicle Sales in California, 2025: Tesla Loses Ground, Toyota Widens Lead, Honda Passes Tesla, but Model Y still #1 Bestseller by Far

by Wolf Richter • Jan 22, 2026 • 70 Comments

ICE vehicle sales dropped 28% from 2017 peak, while EV sales soared 648% over same period.

Inflation-Adjusted Consumer Spending, Incomes, and Government Transfer Receipts

by Wolf Richter • Jan 22, 2026 • 61 Comments

Consumers may be in a foul mood, but they’re making money and are spending it, and are still saving some.

Pending Home Sales Plunge across the US. Midwest Sees Worst Sales on Record, Northeast 2nd Worst

by Wolf Richter • Jan 21, 2026 • 134 Comments

For the US overall, worst sales for any December on record. The housing market took a bad turn, from already low levels.

Japanese Government 30-Year Yield Explodes after Threats of Increased Spending & Tax Cuts: Bond Vigilantes Rising from their Graves?

by Wolf Richter • Jan 20, 2026 • 58 Comments

A bond market as strung out as Japan’s doesn’t want to hear about spending increases accompanied by tax cuts when inflation is already 3%.

Energy Inflation for Households: Electricity, Natural Gas Piped to the Home, Gasoline, and Other Fuels

by Wolf Richter • Jan 19, 2026 • 88 Comments

Demand for electricity has surged, and so has the price.

US Government Sold $654 Billion of Treasuries this Week, 10-Year Yield Spikes to 4.24%, Highest since Sep 2, despite 3 Rate Cuts

by Wolf Richter • Jan 17, 2026 • 113 Comments

The new supply: $138 billion of new 10-year Treasury notes replaced $66 billion of matured 10-year Treasury notes.

Condo Prices Now Below 2005-2007 Housing Bubble Peaks in 8 Cities, including Oakland, Chicago, and 2 Cities in Florida

by Wolf Richter • Jan 16, 2026 • 28 Comments

Condos are subject to huge booms and busts. But these cities are more special than others, so to speak.

Food Inflation Gets Hot, but Not Every Item: A Look at Beef, Chicken, Coffee, Eggs, Dairy, Fruit & Vegetables, “Other Foods”

by Wolf Richter • Jan 15, 2026 • 74 Comments

CPI for “Food at home” jumped in December and is up 30% since January 2020. The CPI for restaurant food is even hotter.

The Most Splendid Housing Bubbles in Canada, Dec 2025: Single-Family & Condo Prices Hit Multi-Year Lows in Toronto, Spike in Montreal, Quebec

by Wolf Richter • Jan 15, 2026 • 10 Comments

In between: Vancouver, Victoria, Hamilton-Burlington, Calgary, Ottawa, Halifax, Edmonton, Winnipeg.

Sales of Existing Homes in 2025 Drop to Lowest since 1995, Sellers Massively Yank Listings off the Market, Waiting for Spring

by Wolf Richter • Jan 14, 2026 • 69 Comments

Single-family home sales edged up in 2025, condo sales dropped further.

Bad-Joke Housing CPIs, Absurd Health Insurance CPI Still Mar Today’s CPI Report, Repress Year-over-Year CPI Inflation

by Wolf Richter • Jan 13, 2026 • 210 Comments

My frustration is boiling over. This is very serious. A lot depends on halfway accurate CPI inflation readings.

Household Money-Market Funds & Large CDs Hit Records despite Lower Yields. But Sorry, It’s Not “Cash on the Sidelines”

by Wolf Richter • Jan 12, 2026 • 66 Comments

Their balances ballooned even as prices of stocks, gold, silver, et al. surged to records. Everything surged. Almost.

Justice Department Subpoenas the Fed, Threatens Powell with Criminal Indictment. Powell Comes out Swinging. Stock Futures Tank

by Wolf Richter • Jan 12, 2026 • 198 Comments

Trump claims he didn’t know anything about it.

Home Prices in the Largest Countries of Europe: Splendid Housing Bubbles in Some, Prices back to 2010 in Others

by Wolf Richter • Jan 10, 2026 • 49 Comments

Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal, Hungary, Bulgaria.

Job Growth in the Private-Sector, Massive Job Losses at Federal & State Governments in H2 2025

by Wolf Richter • Jan 9, 2026 • 62 Comments

The Fed should look at private-sector employment. Layoffs at the government are a political decision, not the result of economic weakness.