Suddenly lots of talk the 10-year yield will revisit 5%, which is funny just a few months after Rate-Cut Mania. By Wolf Richter for WOLF STREET. The 10-year Treasury yield rose to 4.40% on Friday, the highest since […]
Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal. “The Fed thinks it’s eventually going to come down to a […]
Multiple market players are now expecting the Federal Reserve to lower rates during the summer. The interplay between the Federal Reserve and monetary policy for BitcoinBTC 0.0% has been an interesting one, and one that goes much deeper than […]
Biggest Drunken Sailors of all. Average interest rate on the Treasury debt spiked but is still only half of what it was in 2001. By Wolf Richter for WOLF STREET. Interest payments as a percent of tax receipts is […]
By Wolf Richter for WOLF STREET. The core PCE price index, the inflation index that the Fed is focused on and refers to all the time, was revised up today for January to an annualized month-to-month growth rate […]
Turkey’s central bank lifted its main rate to 50% as it continues its effort to bring runaway inflation back into line. The central bank increased its rate to 50% from 45%, a move that sent […]
The Swiss National Bank on Thursday surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%, saying national inflation is likely to stay below 2% for the […]
Raises longer-run rate projection (higher for longer), and projections for inflation and GDP in 2024. By Wolf Richter for WOLF STREET. FOMC members voted unanimously today to maintain the Fed’s five policy rates, with the top of its […]
Which devalued the yen by a Third-Worldish 30% against the USD in two years as other central banks hiked in big increments and started QT. By Wolf Richter for WOLF STREET. Scraps NIRP. Citing “the virtuous cycle between […]
The U.S. Energy Information Administration published the March edition of its Short Term Energy Outlook on Tuesday, forecasting average residential electricity prices next year to reach their highest level in almost three decades. Residential customers will pay […]
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