“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 […]

But the longer-run rate for its target rose to 2.9%, continuing the series of increases, slowly but steadily rising from the ashes of the ZIRP era. By Wolf Richter for WOLF STREET. FOMC members voted today to cut […]

Over the past 25 years, the yield curve predicted 4 business-cycle recessions, two of which didn’t come. So we handle it with care. By Wolf Richter for WOLF STREET. Following the jobs report on Friday that showed job […]

By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $66 billion in August, to $7.11 trillion, according to the Fed’s weekly balance sheet today. The balance sheet first reached this level on […]

Month-to-month, core services inflation jumped while durable goods deflation deepened, and so core PCE price index hits Fed’s target. By Wolf Richter for WOLF STREET. The “Core” PCE price index, the Fed’s primary yardstick for its 2% inflation target, […]

By Wolf Richter for WOLF STREET. Mortgage rates dropped to 6.50%, the lowest since May 2023, according to the Mortgage Bankers Association today. But instead of re-igniting demand for homes from buyers who need mortgages, these dropping rates […]

Measuring a level at month-end versus a flow over the past 12 months: Descend with us into delinquency geekdom. By Wolf Richter for WOLF STREET. There are different ways to look at the issue of delinquency with the […]

By Wolf Richter for WOLF STREET. ON RRPs, or Overnight Reverse Repurchase agreements, on the Fed’s balance sheet fell to $292 billion today, the lowest since May 2021, down by over $2 trillion from the $2.3 trillion range […]