By Wolf Richter for WOLF STREET. Look, today’s jobs report shows why we don’t get too excited about the month-to-month squiggles in the jobs data (blue lines in the charts below). The labor market doesn’t turn around from […]
It is being called a “greenlash”. Resistance to green policies has broken out across Europe. It was all so different in the last European elections five years ago, when young voters especially demanded action against […]
By Wolf Richter for WOLF STREET. Tax receipts by the federal government in 2024 are shaping up to be pretty good. In 2023, Q1 and Q2 tax receipts were crappy because capital gains taxes had plunged because 2022 […]
Greeks are going to the ballots for the EU elections fuming over skyrocketing prices, especially of food and fuel, which have sparked an intense political debate among parties over how to stem the seemingly […]
Oil prices increased over 1% on Monday due to speculation about rate cuts. The European Central Bank’s potential rate cut in June contributed to the optimism in the markets. Inflation in the euro zone has […]
When JPMorgan Chase’s Chief Executive Jamie Dimon talks, financial markets listen. He helms the world’s largest U.S. and fifth-biggest bank, with $4.1 trillion of assets. Dimon, 68, has made his name steering several banks through tough times […]
Services knocked it out of the ballpark. Not helpful for the Fed-favored core PCE price index later in May, which includes some of those services. By Wolf Richter for WOLF STREET. The Producer Price Index, which is always […]
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 […]
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