We find a good place to go rubbernecking. By Wolf Richter for WOLF STREET. A collapse chart has been making the rounds on social media, financial blogs and more. It’s distributed without context, like it’s self-explanatory, kind of like, look, the world is falling apart. It’s from the St. Louis Fed data repository. The title …
How big are the Fed’s losses and where can we go to see them? Read More »
A ‘Help Wanted’ sign is displayed in a store window in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images As for the jobs reports, the November ones weren’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot payroll reading that was double what …
The Fed’s path to a “Goldilocks” economy just got a little complicated Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumption Expenditure Index, the metric the Federal Reserve is watching most closely, rose 6% in the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
Dow Jones futures rose early Wednesday, while S&P 500 and Nasdaq futures edged higher with Fed Chief Jerome Powell and key economic data at hand. X The stock market rally ended mixed on Tuesday with Apple (AAPL) once again a drag on major indices, as well as Amazon.co.uk (AMZN) and You’re here (TSLA). Meanwhile, the …
Futures: Market Rally Awaits Fed’s Powell; What to do Read More »
Dow Jones futures were little changed overnight, along with S&P 500 and Nasdaq futures, with Fed Chief Jerome Powell and the start of key economic data at hand. X The stock market rally ended mixed on Tuesday with Apple (AAPL) once again a drag on major indices, as well as Amazon.co.uk (AMZN) and You’re here …
Futures: Market Rally Awaits Fed’s Powell; What to do Read More »
Power the Future executive director Daniel Turner joined ‘Kennedy’ to discuss reports that fuel oil inventories in the North East and New England have fallen to a third of normal levels. Home heating bills are skyrocketing across the country amid already high energy costs, and the North East is expected to be hit hardest this …
New England’s high heating costs exacerbated by the feds Read More »
The Federal Reserve’s attempt to shrink its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief U.S. economist. “There is a non-negligible likelihood that market liquidity will be adversely affected well before the $2 trillion target is reached, preventing the Fed from reaching its target,” said Steven Ricchiuto, …
