Since September, the Fed cut by 100 basis points while the 10-year Treasury yield rose by 87 basis points! There are now doubts about further cuts.
QT has only drained ON RRPs so far, but not Reserves, which are still where they’d been when QT started in July 2022. QT has a long way to go.
Inflation is still in services, no progress in 6 months. Another bummer: Durable goods deflation, a contributor to cooling inflation, may be over.
SBM Offshore ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO Liza Destiny from Dutch floater expert SBM Offshore. ExxonMobil bought the FPSO ahead of the maximum lease term which would […]
Total Employment to be substantially revised higher early 2025 when the BLS incorporates these up-revisions into its household survey employment data.
Existing home sales rise from multi-decade rock-bottom, still -34% from 2021, -22% from 2019. Supply highest for November since 2018, days on market highest since 2019.
The political crypto push is its own kind of scam. The price of bitcoin went over $100,000 for a few hours on Dec. 5, peaking at $103,400. The financial press can’t resist constructing a hand-waving […]
The DOE’s inspector general called for pausing a $400 billion energy loan program due to noncompliance issues and significant fraud risks. The Department of Energy’s inspector general on Tuesday issued an unprecedented call to suspend […]
The consultancy estimates Australian LNG export revenue reached A$5.31 billion ($3.31 billion) in November. EnergyQuest said this was lower than A$5.57 billion in October and lower compared to November 2023, when revenue was A$5.72 billion. Western Australia […]
Energetic backpedal from the aggressive monster-rate-cut trajectory envisioned by the markets three months ago.
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