The low point was in September. The Fed faces a scenario of re-accelerating inflation amid a retightening labor market. By Wolf Richter for WOLF STREET. The Fed has cited the underlying dynamics of the labor market that were […]
The minutes mentioned it. New York Fed’s Perli added some background. The Fed will likely provide details at its March meeting. By Wolf Richter for WOLF STREET. No one has ever drained $2.2 trillion in liquidity through QT […]
Quantitative Tightening has shed 25% of total assets from peak and 46% of pandemic QE. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $54 billion in February, to $6.76 trillion, the […]
This would be like a reverse Operation Twist. By Wolf Richter for WOLF STREET. Dallas Fed president Lorie Logan – a leading voice on the nuts and bolts of the Fed’s balance sheet due to her prior job […]
The Fed, after complaining about missing immigrants in labor market data, now has further support for its pivot to wait-and-see. By Wolf Richter for WOLF STREET. We’ve been discussing this issue – and its impact on employment data […]
By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $42 billion in January, to $6.81 trillion, the lowest since May 2020, according to the Fed’s weekly balance sheet today. During May 2020, […]
By Wolf Richter for WOLF STREET. The reason we’re looking at the underlying dynamics of the labor market is to gauge the pressure within the Fed to cut interest rates to prevent the labor market from weakening. And […]
By Wolf Richter for WOLF STREET. Trump understands – since he ran on that platform and won in part based on it – that Americans hate, hate, hate inflation, that they’re tired of price increases and tired of […]
By Wolf Richter for WOLF STREET. The sharply falling prices since mid-2022 of energy such as gasoline, and durable goods, such as motor vehicles, had contributed a lot to the cooling of inflation measures. But prices cannot fall […]
And labor market conditions are no longer easing. The reasons for further rate cuts — dropping inflation, weakening labor market — vanished. Pretty hawkish. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep the […]
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