Quantitative Tightening shed 43% of the assets the Fed had added during pandemic QE. Bank-panic facility BTFP is vanishing. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $98 billion in November, […]
QE was a huge gravy train for taxpayers. But then came the hangover. By Wolf Richter for WOLF STREET. The Fed released its financial report for the third quarter on Friday afternoon. The two items we pay attention […]
Amid renewed inflation worries and above-average economic growth. By Wolf Richter for WOLF STREET. The Dollar Index [DXY] which tracks the USD against a basket of six currencies (euro, yen, Canadian dollar, British pound, Swedish krona, and Swiss […]
Americans far from “tapped out.” Credit card delinquency rate dips to 3.2% (Fed), “prime” delinquency rate 0.99% (Fitch), “subprime” gets over free-money hangover. By Wolf Richter for WOLF STREET: The Federal Reserve today released the delinquency rates for […]
By Wolf Richter for WOLF STREET. Another milestone in the Fed’s QT program: Total assets on the Fed’s balance sheet dropped to $6.99 trillion, according to the Fed’s weekly balance sheet today. The balance sheet first reached this […]
“The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance.” By Wolf Richter for WOLF STREET. FOMC members voted unanimously today to cut the Fed’s five policy rates by 25 basis […]
By Wolf Richter for WOLF STREET. When the Fed cut its policy rates on September 18, it looked at labor market data showing a sudden slowdown of job creation to weak levels, and it looked at decent consumer […]
By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $66 billion in September, to $7.05 trillion, according to the Fed’s weekly balance sheet today. The balance sheet first reached this level on […]
By Wolf Richter for WOLF STREET. The “Core” PCE price index, the Fed’s primary yardstick for its 2% inflation target, rose by 2.7% from a year ago in August, the second slight acceleration in a row, and the biggest […]
“The “reacceleration of inflation” suggests “the Fed cannot totally shift its focus away from its inflation target.” By Wolf Richter for WOLF STREET. Underlying inflationary dynamics are picking up steam, after having cooled a lot. Today, S&P’s preliminary […]
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