NewZinoo: Wolf Street latest news

eco - Wolf Street - 2 hours ago

Yen Craters to 4-Decade Low, JGB Yields at 3-Decade Highs: Monetary Policy Mess Comes Home to Roost

The collapse of a currency is nothing to be trifled with. But the BOJ's pussyfooted rate hikes and QT are too little too late.

eco - Wolf Street - 1 day ago

Inflation and Nominal Economic Growth to the Rescue: The US Government’s Ugly Fiscal Mess

US Government interest payments, tax receipts, tariffs, average interest rate on the debt, and Debt-to-GDP ratio in Q1 2026.

eco - Wolf Street - 5 days ago

Inflation in “Core Services” Surges, plus AI’s Impact on Electricity and Goods: Inflation beyond Gasoline

The 6-Month "core services" PCE price index jumped 4.2% annualized, pushed the 6-month core PCE to 4.1%, worst since June 2023.

eco - Wolf Street - 11 days ago

Out Hiking in Europe. Shop (Partially) Closed through June

I’ll have sporadic access to the internet and will read the comments; if I turn into a night owl, I might write an article.

eco - Wolf Street - 12 days ago

US Government Sold $518 Billion of Treasury Securities this Week. 6-Month to 2-Year Treasury Yields Spike on Warsh’s “Regime Change” at the Fed

The 1-year Treasury yield spiked by 16 basis points, to 4.0%, highest since July, three rate cuts ago, as the bond market now expects multiple rate hikes.

eco - Wolf Street - 12 days ago

Era of “Powell Was Dovish” Is Over: Warsh’s Five Taskforces

I have to say the FOMC press conference was a breath of fresh air.

eco - Wolf Street - 13 days ago

“Regime Change” at the Fed: Fed Chair Warsh Makes the First Moves

Everything is up for review. “There’s a taskforce for that,” he said. Dot plot, possibly the last one, turns hawkish.

eco - Wolf Street - 14 days ago

The Most Splendid Housing Bubbles in America: Price Drops and Gains in 33 Big Expensive Cities, May 2026

Home prices fell from peaks in prior years in 28 of the 33 cities, led by Austin -27% and Oakland -26%, while AI mania in San Francisco trickled down from “mansion shortage” to mid-tier.

eco - Wolf Street - 15 days ago

Government Uses Strategic Petroleum Reserve as Cudgel to Beat Down Oil-Price Mania: Worked for Second Time

A new role for the SPR. It wasn’t designed for that.

eco - Wolf Street - 17 days ago

US Government Sold $646 billion of Treasury Securities this Week. 2nd Wave of Inflation Approaches 10-Year Treasury Yield

How the long-term Treasury debt grows: Treasury notes and bonds outstanding rose on net by $59 billion this week.

eco - Wolf Street - 18 days ago

Money-Market Funds and CDs: Americans and their Piles of Interest-Earning Cash as “Real” Yields Turn Negative

Inflation surged past these yields, though they've started to rise again. Households nevertheless poured more money into them.

eco - Wolf Street - 19 days ago

What Homebuilder Lennar Said about the Tough Housing Market: Average Sales Price Down 24% from Peak, back to 2017

Cut the price, and they will buy. Dealing with the affordability crisis. Sales volume is up, but shares have plunged by nearly 50%.

eco - Wolf Street - 19 days ago

Producer Price Inflation beyond Energy: 6-Month Services PPI, “Core” Goods PPI and “Core” PPI Blow by 6%, Worst since 2022

The surge in energy costs is bad, but there's a lot of inflation from other sources.

eco - Wolf Street - 20 days ago

CPI Inflation 4.25%, Blows by 2-Year Treasury Yield, Closes in on 10-Year Treasury, Driven by “Supercore” Services, Gasoline, Electricity

Supercore services inflation surged, after taking off last fall. And AI data center demand drives electricity inflation.

eco - Wolf Street - 21 days ago

Supply of Existing Single-Family Homes at 10-Year High, Condo Supply at 12-Year High, Sales still in Freezer

Compared to May 2019, sales were down the most in the West (-32%) and Northeast (-31%), less so in the South (-15%) and Midwest (-17%).

eco - Wolf Street - 22 days ago

As Home Sellers Grapple with Reality, Listing Prices Fall by Most in at Least a Decade

But each market dances to a different drummer, and declines have been far bigger in many markets.

eco - Wolf Street - 24 days ago

There’s Trouble Brewing in the Treasury Market

Inflation is the bane of the bond market. And it is now demanding multiple rate hikes, starting late this year.

eco - Wolf Street - 25 days ago

Semiconductor Stocks Roll Over, Micron and Broadcom Tank 20% in 2 Days, Drag Rest of Market Along

We’re looking for culprits.

eco - Wolf Street - 26 days ago

Job Growth Trend Turns Around Decidedly after Weakening for Years, while Immigration Crackdown Caps Supply of Labor

Some industries hired, others cut jobs: we zoom out with charts by major industry categories.

eco - Wolf Street - 26 days ago

Who Needs Bitcoin and Cryptos (-50%) amid the Semiconductor and Miracle IPO Mania?

Rotating from mania to mania?

eco - Wolf Street - 27 days ago

AI Investment Boom Sucks Up Hoarded Cash from Stock Market Investors and Companies, Sprays it into the Real Economy

It could break the stock market. But it’ll stimulate the economy. Just don’t expect inflation to cool on its own.

eco - Wolf Street - 28 days ago

Housing Market’s Crucial “Spring Selling Season” Winds Down with a Whimper. So Maybe Next Year?

But mortgage rates are not high historically, and “real” mortgage rates, amid resurging inflation, are relatively low.

eco - Wolf Street - 29 days ago

And More Data Showing a Weirdly Decent Labor Market

But this dynamic makes it harder for young people to find a job.