Fed’s Favorite Core Inflation Gauge Falls Below 3%
The Fed’s preferred gauge of underlying price growth slipped below 3% in December, data out
Is China Losing Patience With Iran Over Houthi Attacks?
A few days ago, I suggested there were only two ways to stop the Houthis
MMFs See Second Week Of Outflows. RRP Below $600 Billion
Money market funds saw a second week of outflows as AUM appears to have peaked
‘Free Money Machine’ Borrowing Hit $168 Billion Before Fed Slammed Door
A month ago, I called readers’ attention to what I dubbed the “free money Fed
Low Inflation, High Vol?
For the better part of two years, multi-asset investors were bedeviled by that most nefarious
Fed Gets Great Growth, 2% Inflation In Favorable GDP Release
The US economy expanded far faster than expected during the final three months of 2023,
US New Home Sales Rise As Prices Fall, Builders Offer Incentives
Americans bought cookie-cutter, fiber cement boxes at a faster-than-expected rate in December, another exciting update
Lagarde Fails To Dissuade Markets On ECB Rate-Cut Timing
The ECB kept rates on hold for a third consecutive meeting on Thursday. The outcome
‘Stuck In Recession’: Outlook For German Economy Worsens Further
Not that anyone needed another reminder about the parlous state of Europe’s largest economy, but
Tesla Flags Slower Growth, Omits Delivery Target
Tesla is “between two major growth waves,” the company said on Wednesday afternoon in the
Living At The Office
Lower rates are stoking demand in a still-distorted US housing market. Mortgage applications rose a
Accusations, Trepidation After Russian Military Plane Crashes In Belgorod
A planned prisoner exchange went disastrously wrong Wednesday when a Russian military plane crashed in
US Economy Basking In Goldilocks Glow, PMIs Suggest
US private sector business activity expanded at the briskest pace since June, preliminary data for
China Frees Up $140 Billion With Rate Cut In Bid To Halt Stock Rout
China’s taken to pre-announcements lately. Last week, Premier Li Qiang revealed the headline annual growth
ECB Faces Moribund Growth, Sticky Services Inflation Amid Rate Cut Debate
The European economy is in a recession, basically, and price pressures, although no longer acute,
Netflix Delivers Huge Subscriber Beat After Unveiling Wrestling Deal
As a longtime Netflix customer, I can’t say I’m excited about the opportunity to stream
Why Stocks Can’t Sell Off
The nascent rebound in skew is history. It was (mostly) snuffed out early this week.
Kolanovic Flags Multiplying Risks For Markets ‘Priced To Perfection’
Rate cuts from the Fed could extend the cycle, further delaying the inevitable, but the
Chinese Sources Pitch Media On 2 Trillion-Yuan Stock Rescue
“There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee
In Gaza: The Deadliest Day Yet For Israel’s Military
Israel just suffered “one of the most difficult days since the start of the war,”
Are Fed Cuts Star-Crossed?
Where’s neutral? We still don’t know. Indeed, we can’t know. But sometimes, the data suggests
Wilson Goes For Quality As ‘Highest-Probability Winner’
In the latest Weekly, I asked if good news was good again. The context was
Interminable Selloff Drives Key Index Of Chinese Stocks Near 20-Year Low
I employ the phrase “interminable malaise” at fairly regular intervals, often in the context of
$26 Trillion Market At Crossroads With ‘Easy Money’ Made
The “easy money has already been made in bonds,” one mainstream financial media headline published
A Full-On, Hot Proxy War
If you were previously unsure about the term “proxy war” — what it means, what
How Long Before The Fed Bill Comes Due For Corporates?
How long before the most aggressive rate-hiking campaign in a generation finally bites corporates? It’s
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