She nails it with her list of inflation-fueling factors. It parallels what Powell said more softly at the press conference. The first three months of the year have produced a nasty re-acceleration of inflation in […]
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and […]
What Powell Said about rate hikes, no rate cuts, rate cuts, and the QT slowdown while getting rid of MBS entirely. By Wolf Richter for WOLF STREET. “Hike” and “rate hike” were mentioned 8 times by reporters and […]
New language: “In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.” By Wolf Richter for WOLF STREET. The FOMC statement released today after its two-day meeting acknowledged for the […]
The S&P 500 index achieved its best first quarterly performance since 2019. Economic data, such as low unemployment and GDP growth, indicates positive conditions for corporate profitability. Geopolitical conflicts and rising bond yields contributed to […]
By Wolf Richter for WOLF STREET. It’s sort of an anniversary: Treasury bills of three months or shorter have been selling at auction with yields over 5% since mid-April 2023. And since mid-May 2023, they have been selling […]
The latest macroeconomic data released by the US Department of Commerce indicates that the country’s economy could be moving towards stagflation, Business Insider has reported. The gloomy signs hint at tough challenges ahead, the outlet […]
All that makes sense, but why are there still any cash-out refis when people could take cash out via HELOCs, without losing a 3% mortgage? By Wolf Richter for WOLF STREET. Mortgage rates continue to trudge higher from […]
By John Kemp, senior energy analyst at Reuters Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over […]
“Rates have been extremely low for a long time — it’s hard to know how many investors and companies are truly prepared for a higher rate environment.” By Wolf Richter for WOLF STREET. Jamie Dimon, in his letter […]
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