NEW YORK, May 28 (Reuters) – Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of […]
“It seems unlikely that yields are going to go back to being as low as they were before the pandemic”: Yellen. By Wolf Richter for WOLF STREET. By now everyone sort of knows that inflation has been re-heating […]
Four decades of history say it’s not over until the 2-year yield overshoots the EFFR. It has undershot for a year, and inflation is taking off again. By Wolf Richter for WOLF STREET. Inflation surprised in 2023 with […]
WASHINGTON — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury […]
But overall and “core” PCE price indexes decelerated, on plunging gasoline prices, a dip in food prices, and a continued big drop in durable goods prices. By Wolf Richter for WOLF STREET. The fly in the ointment in […]
The August 2023 consumer price index rose 3.7% on an annual basis, the U.S. Bureau of Labor Statistics said Wednesday. The increase was mostly attributable to a spike in gasoline prices in August. That increase […]
In yet another setback for the smooth-landing crowd, core Euro-area inflation re-accelerated in June (while the headline declined), putting further pressure on The ECB to hike and keep hiking. While the headline CPI fell notably […]
If Powell was on the fence about a Fed “hawkish skip” or whatever the June pause is now called, the latest monthly data just released by the NY Fed Consumer Survey should help allay his […]
Authored by Simon White, Bloomberg macro strategist, Higher bond yields are an increasingly likely prospect as rising inflation expectations push bondholders to demand an extra premium to lend money. It’s been a testament to the […]
The New York Fed’s March inflation forecasts added further upward pressure on Treasury bond yields and the dollar Monday as investors look to one final rate hike from the central bank next month in Washington following Friday’s […]
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