Fed cut by 75 basis points since September while 10-year Treasury yield rose by 75 basis points to 4.40%, as Bond Market frets about Inflation & Supply. By Wolf Richter for WOLF STREET. The 10-year Treasury yield jumped […]
The United States Postal Service unveiled a plan to buy a fleet of all-electric mail trucks for its mail carriers back in 2022, of which 3,000 were supposed to be delivered by now. Unfortunately, those […]
GDP is forecast to decline by 0.2% this year, a sharp downgrade from Bundesbank’s previously projected 0.3% expansion Germany’s central bank has slashed growth outlook for the EU’s largest economy, projecting that it will contract […]
By Wolf Richter for WOLF STREET. Balances in money market funds held by households at the end of Q3 jumped by $167 billion from the prior quarter to $4.11 trillion, according to the Fed’s quarterly Z1 Financial Accounts […]
If the economic bloc manages the balance of opportunities and challenges presented by the new member correctly, it could become a powerful asset It has been almost a year since Egypt officially joined BRICS, becoming […]
Biden admin is racing to spend big bucks on green heavy-duty vehicles, including electric school buses, before Trump returns to power. The lame-duck Biden administration announced Wednesday that it is moving to spend $735 […]
Last week, Atlantic LNG shipping rates remained weak. “Spark30S rates rose for a third consecutive week, increasing marginally by $750 to $22,750 per day, and Spark25S Pacific rates fell by $2,500 to $21,250 per day,” Qasim Afghan, Spark’s […]
19 Metros below 2022 peaks: Austin -22%, San Francisco -10%, Phoenix -9%, San Antonio -8%, Denver -7%, Salt Lake City -6%, Sacramento -6%, Portland -6%, Dallas -6%, Seattle -5%, Honolulu -5%… By Wolf Richter for WOLF STREET. The dynamics […]
The problem is in services, which account for 67% of PPI. But goods prices are re-accelerating too. The whole inflation scenario has changed. By Wolf Richter for WOLF STREET. The prior months’ data of the Producer Price Index […]
On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.31% (+3.8% annualized) in November from October, the sharpest increase […]
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