NewZinoo: Wolf Street latest news

eco - Wolf Street - 5 hours ago

Homeowners Are Clinging to their Below-4% Mortgages for Dear Life as Mortgage Rates Went over 7%

The housing market, wrecked by ultralow mortgage rates, will stay wrecked for longer.

eco - Wolf Street - 13 hours ago

AI Data Center Construction Goes Nuts, Power Plants Take Off, but Spending on Factories Is still Twice as Big as Data Centers

Construction companies are now facing the second wave of inflation.

eco - Wolf Street - 1 day ago

The US Economy “Is Running Hot,” Lots of Consumer Spending Growth, Lots of Inflation. The Bond Market Sees it Too

Spending on discretionary goods and services that people buy to have fun with was particularly motivated.

eco - Wolf Street - 1 day ago

Not Even the Massive Changes of Methodology Can Get PCE Inflation Back into the Bottle

Those changes in methodology knocked the PCE price index down, but even the new-and-improved version remained far above the Fed’s target.

eco - Wolf Street - 2 days ago

Turnover in the Labor Market Calms Down, after Chaotic Churn

Workers quit quitting and settled in, after the epic rematching of workers and employers.

eco - Wolf Street - 3 days ago

Anthropic Lost $42 Billion on $4.6 Billion in Revenues in 2025: Leaked IPO Prospectus

It plans to spend $518 billion in the coming years on cloud, computing, and infrastructure obligations and now needs a lot of AI magic money.

eco - Wolf Street - 3 days ago

Biggest Borrowers and Lenders in the $13.5-Trillion Repo Market: How the Hedge Fund “Basis Trade” and Money Market Funds Fit In

It works really well, until it suddenly doesn’t.

eco - Wolf Street - 6 days ago

Long-Term Treasury Yields Rise to 5.5%, Mortgage Rates to 7.5%, as Bond Market Grapples with a Complex Reality

It would make sense for the bond market to take a breather here and digest a little. But the dynamics are in place for yields to rise further.

eco - Wolf Street - 6 days ago

WHOOSH, Go Orders at US Manufacturers of “Core Capital Goods,” Fueled by the AI Infrastructure Boom

Orders received by manufacturers of core capital goods spiked by 14% YoY, of machinery by 15%, of IT equipment by 16%.

eco - Wolf Street - 7 days ago

What the Infamous “Housing Shortage” Looks Like: Inventories of New Single-Family Homes Balloon, Sales Crawl, Prices Sag

Homebuilders have been doing their job creating lots of new housing stock, but demand is weak, and supply sky-high.

eco - Wolf Street - 8 days ago

Bond Bloodbath: 10-Year Treasury Yield Spikes 13 Basis Points to 5.10% after Hot PMIs with Inflation Written All Over

They got spooked: 2-year Treasury yield +13 basis points to 4.90%, after yesterday’s auction. 7-year +14 basis points to 5.04%. 30-year hits 5.39%.

eco - Wolf Street - 9 days ago

$6.53 Diesel US Average, $8.25 in California, Worsens Already Hot Inflation, amid Record US Diesel Exports. Gasoline and Jet Fuel Prices also Spike

I'm worried about the inflationary mindset taking off again. It's the Fed's job to step on the brakes before inflation turns into a runaway train.

eco - Wolf Street - 10 days ago

Tech, Science, Social Media Jobs in San Francisco and Silicon Valley Plunge to 2019 Level: AI Magic-Money Boom Is Paper Thin

The local economy and housing market have become immensely dependent on unsustainable AI magic-money.

eco - Wolf Street - 12 days ago

Treasury Yields of 2 Years and 3 Years Spike toward 5%, but 10-Year Holds at 5%, Yield Curve Bulges: Some Thoughts on What’s Brewing

The 2-year and 3-year yields indicate that the 10-year yield could go way higher over the next few months.

eco - Wolf Street - 13 days ago

Oh Dear, Condo Prices Dropped by 15% to 34% in 34 Bigger Markets. 6 Plunged Back to Where They’d Been 20 Years Ago

In another 35 bigger cities, condo prices dropped by 8-14%. Mind-blowing Condo Bubbles deflate in 34 charts.

eco - Wolf Street - 14 days ago

Treasuries Have Become Badly Unappetizing for Foreign Central Banks and Governments

But opaque foreign financial centers pile on Treasuries, often held by US companies and hedge funds.

eco - Wolf Street - 14 days ago

Pending Home Sales Stuck Deep in Mud, Edge up from Down-Revised 2nd Lowest on Record, Supply Hits 10-Year+ High

Sales were bad in all regions. But mortgage rates in August were still quite a bit lower than now.

eco - Wolf Street - 15 days ago

Fed Finally Hikes, Dot Plot Sees More Rate Hikes, New Rate-Hike Cycle Starts. Bond Market Breathes Small Sigh of Relief

This was a hawkish meeting, with a unanimous vote for a hike, and more hikes indicated.

eco - Wolf Street - 15 days ago

Despite All Moaning and Groaning, Americans Not in the Mood to Slow Down: Retail Sales Surge even without Gasoline

Not even sky-high gasoline prices could dent their spending on bars and restaurants, ecommerce, cannabis stores, etc.

eco - Wolf Street - 16 days ago

Some Thoughts on the 5.42% Yield at the 20-Year Treasury Auction: Bond Market Bloodbath Continues

The function of yield is to create demand. And it did.

eco - Wolf Street - 17 days ago

Money-Market Funds and CDs: Americans Pile on Low-Risk Investments despite so-so Yields and Higher Inflation

The interplay of risk and inflation.

eco - Wolf Street - 17 days ago

The 10-Year Treasury Yield Briefly Makes it over 5%. Last Time, 5% Instantly Opened the Floodgates of Demand

But 5% was considered normal to low in the decades before the Fed’s financial repression kicked off in 2008.

eco - Wolf Street - 19 days ago

Long-Term Treasury Yields Spike, 1- to 7-Year Yields Explode, Mortgage Rates Hit 7.12%, Bond Market Gets Spooked

Spooked by inflation, deficits, hocus-pocus shows, competition from the AI debt binge, and getting casually thrown under the bus by Trump’s free-money promise.

eco - Wolf Street - 20 days ago

Inflation Not Going Back into the Bottle: CPI, Core CPI, and Core Services CPI Bounce Back

Core services CPI +4.0% annualized, Core CPI +3.5% annualized, all-items CPI +4.9% annualized in August from July.

eco - Wolf Street - 21 days ago

Bond Market Has a Cow, Treasury Yields Spike across the Board, 10-Year Yield near 5%, 30-Year Yield at 5.37%

Lots of Bad Stuff all at once, topped off by Trump’s $1.35 Trillion Free-Money Promise, $5,000 for every adult American, at the worst possible time.

eco - Wolf Street - 21 days ago

Sales of Existing Single-Family Homes Sag Further, Supply Spikes to Decade High. Condo Sales Drop to Data-Low, Supply Spikes to 14-Year High

The average weekly mortgage rate, at 6.76%, is not high historically. Inflation is high. And home prices are high.

eco - Wolf Street - 21 days ago

PPI Shows Surging Inflation Across Prices that Companies Pay Each Other. The Fed Should Stop Dilly-Dallying Around

This kind of inflation is nothing to be trifled with: In services +4.5%; in goods without energy +5.0%; in energy +24%; overall +5.4%; year-over-year.

eco - Wolf Street - 22 days ago

10-Year to 30-Year Treasury Yields Jump after Bessent Reveals Bond Buybacks for Tomorrow’s Auction

The hocus-pocus show falls flat. Well, OK, then.

eco - Wolf Street - 23 days ago

Why the Gasoline Price Spike Didn’t Derail Consumer Spending despite all Moaning and Groaning: Auto Dealers Got Caught Too

Americans hate, hate, hate high gas prices, but they’re less sensitive to them than auto dealers ironically expected.

eco - Wolf Street - 24 days ago

By Dumping US Treasuries to Prop Up the Yen, Japan’s Foreign Currency Reserves Plunged by $95 Billion in August. But Don’t Cry for Japan. These Interventions Are Hugely Profitable

The government is already busy fighting over what to do with the $31 billion in profits on its foreign exchange interventions last fiscal year.

eco - Wolf Street - 26 days ago

The 10-Year Treasury Yield over 5%? Some Thoughts

The economy did fine with a 10-year yield of 5-8%, including in the 1990s, amid a tight labor market and lots of economic growth.

eco - Wolf Street - 27 days ago

Where Are the Jobs? Winners and Losers by Industry

The job creation machine is running backwards in some industries and forward in others.

eco - Wolf Street - 27 days ago

Turns Out, the Labor Market is OK Despite All Moaning and Groaning about the Economy or Whatever

The Fed can focus on getting its messy inflation-house in order.

eco - Wolf Street - 28 days ago

The Spread between 10-Year Treasury Yield and 30-Year Mortgage Rate Has Been Stuck at 2 Percentage Points despite Fannie and Freddie MBS Buybacks: Some Thoughts

That looming 7% mortgage rate...

eco - Wolf Street - 29 days ago

10-Year JGB Yield Hits 3.02%, 30-Year Hits 4.18%: as BOJ Tries to Halt Yen Collapse, Japan’s Bond Market Rises from YCC Grave

All monetary sins ultimately lead to the currency. There are no miracle exits for the BOJ.

eco - Wolf Street - 29 days ago

Japan’s Bond Market Rises from YCC Grave as BOJ Tries to Halt Yen Collapse: 10-Year JGB Yield Hits 3.02%, 30-Year Hits 4.18%

All monetary sins ultimately lead to the currency. There are no miracle exits for the BOJ.

eco - Wolf Street - 30 days ago

The housing market, wrecked by ultralow mortgage rates, will stay wrecked for longer.

Construction companies are now facing the second wave of inflation.

Spending on discretionary goods and services that people buy to have fun with was particularly motivated.

Those changes in methodology knocked the PCE price index down, but even the new-and-improved version remained far above the Fed’s target.

Workers quit quitting and settled in, after the epic rematching of workers and employers.

It plans to spend $518 billion in the coming years on cloud, computing, and infrastructure obligations and now needs a lot of AI magic money.

It works really well, until it suddenly doesn’t.

It would make sense for the bond market to take a breather here and digest a little. But the dynamics are in place for yields to rise further.

Orders received by manufacturers of core capital goods spiked by 14% YoY, of machinery by 15%, of IT equipment by 16%.

Homebuilders have been doing their job creating lots of new housing stock, but demand is weak, and supply sky-high.

They got spooked: 2-year Treasury yield +13 basis points to 4.90%, after yesterday’s auction. 7-year +14 basis points to 5.04%. 30-year hits 5.39%.

I'm worried about the inflationary mindset taking off again. It's the Fed's job to step on the brakes before inflation turns into a runaway train.

The local economy and housing market have become immensely dependent on unsustainable AI magic-money.

The 2-year and 3-year yields indicate that the 10-year yield could go way higher over the next few months.

In another 35 bigger cities, condo prices dropped by 8-14%. Mind-blowing Condo Bubbles deflate in 34 charts.

But opaque foreign financial centers pile on Treasuries, often held by US companies and hedge funds.

Sales were bad in all regions. But mortgage rates in August were still quite a bit lower than now.

This was a hawkish meeting, with a unanimous vote for a hike, and more hikes indicated.

Not even sky-high gasoline prices could dent their spending on bars and restaurants, ecommerce, cannabis stores, etc.

The function of yield is to create demand. And it did.

The interplay of risk and inflation.

But 5% was considered normal to low in the decades before the Fed’s financial repression kicked off in 2008.

Spooked by inflation, deficits, hocus-pocus shows, competition from the AI debt binge, and getting casually thrown under the bus by Trump’s free-money promise.

Core services CPI +4.0% annualized, Core CPI +3.5% annualized, all-items CPI +4.9% annualized in August from July.

Lots of Bad Stuff all at once, topped off by Trump’s $1.35 Trillion Free-Money Promise, $5,000 for every adult American, at the worst possible time.

The average weekly mortgage rate, at 6.76%, is not high historically. Inflation is high. And home prices are high.

This kind of inflation is nothing to be trifled with: In services +4.5%; in goods without energy +5.0%; in energy +24%; overall +5.4%; year-over-year.

The hocus-pocus show falls flat. Well, OK, then.

Americans hate, hate, hate high gas prices, but they’re less sensitive to them than auto dealers ironically expected.

The government is already busy fighting over what to do with the $31 billion in profits on its foreign exchange interventions last fiscal year.

The economy did fine with a 10-year yield of 5-8%, including in the 1990s, amid a tight labor market and lots of economic growth.

The job creation machine is running backwards in some industries and forward in others.

The Fed can focus on getting its messy inflation-house in order.

That looming 7% mortgage rate...

All monetary sins ultimately lead to the currency. There are no miracle exits for the BOJ.

All monetary sins ultimately lead to the currency. There are no miracle exits for the BOJ.

Exponential curves for investments burn out, often with a pop. But they can last longer than imagined.