Federal Reserve Chair Jerome Powell today emphasized a cautious approach to monetary policy, stating the Fed is prepared to “wait and see” before adjusting interest rates, currently set at a range of 4.25% to 4.5%. […]
“Uncertainties” rule. Wait-and-see amid inflation fears and slowing growth. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep the Fed’s five policy rates unchanged, for the fourth meeting in a row, after cutting by […]
The Fed improves its Standing Repo Facility to prevent another repo market blowout as the balance sheet continues to drop. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $36 billion in […]
Quantitative Tightening has shed 25.2% of total assets. The Assets-to-GDP ratio declined to 22.4%, first seen in 2013. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $14 billion in April, to […]
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. By Wolf Richter for WOLF STREET. The inflation measure released today – […]
Demand for mortgages to purchase a home has plunged by nearly double the rate of sales of existing homes. By Wolf Richter for WOLF STREET. For the past four weeks, mortgage rates have stabilized at just over 6.7%, […]
Weekly Daily Standup Top Stories EPA Unleashes 31 Actions To Overturn Biden- and Obama-Era Regulations, Boost American Power March 14, 2025 Stu Turley The EPA is reconsidering various regulations on power plants, oil and gas facilities, […]
QE has produced years of hangover. By Wolf Richter for WOLF STREET. The Fed disclosed two types of losses in its audited annual report today: An operating loss of $77.6 billion for the year 2024, substantially less bad […]
Dot plot shifts hawkish: 8 of 19 want see either no cut or just 1 cut in 2025. By Wolf Richter for WOLF STREET. The FOMC voted today to keep the Fed’s five policy rates unchanged, for the […]
An increasingly important question in iffy times. Here are the holders as of Q4, who dumped, who bought. By Wolf Richter for WOLF STREET. When the incredibly ballooning US national debt reached $36.22 trillion in January, it hit […]
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