by confoundedinterest17 Headaches on headaches. Overnight, the US Treasury yield rose to 2.38% as the number of forecast Fed rate hikes rose to 8.211. So, enjoy “low” rates while you can. If we back out the highest inflation rate in 40 …
by confoundedinterest17 US housing is getting simply unaffordable. US mortgage rates are soaring, US home prices are soaring, The Fed’s balance sheet is still growing, and US average hourly earnings are growing at a fraction of home price growth. The unafforable nature …
Now on top of this, what if you create the truly risk-free asset (the reverse repo) and let $1.8 trillion of liquidity drain from the market in less than a year? US Dollars in the public domain has shrunk by …
by Ron Paul of Ron Paul Liberty Report Every artificial economic boom created by The Fed must have an economic bust. Manipulating interest rates lower creates distortions in the economy. A return to reality exposes those distortions and forces their liquidation. The Fed …
I Know You Don’t Think So. You’re Wrong [Comments enabled] https://market-ticker.org/akcs-www?post=245472 Powell once again jawboned Monday, stating that “he knows” inflation is “much too high” and that The Fed “will” act as required to stop it. First comes the jawbone. …
New York (CNN Business)The Federal Reserve needs to move quickly to raise interest rates and normalize its monetary policy, according to Fed Chairman Jerome Powell. Between a strong job market and soaring inflation, “there is an obvious need to move …
The combination of a strong dollar, rising oil prices, and higher rates will weigh on US economic growth. Source: @RealAlpineMacro pic.twitter.com/4xpbQo5XXG — (((The Daily Shot))) (@SoberLook) March 21, 2022 Bond Market Fireworks Highlight Recession Worries – Yahoohttps://t.co/DAIcQ5xa98 — LiveSquawk (@LiveSquawk) …
by confoundedinterest17 The Federal Reserve’s Christopher “Fats” Waller thinks that your rates are too low. “The data is basically screaming at us to go 50 but the geopolitical events were telling you to go forward with caution. So those two factors …
by Shaun Richards This week has been a story of central banks raising interest-rates with the main player in the pack being the US Federal Reserve followed by the Bank of England. Those of you familiar with my work will …
by confoundedinterest17 Well, Powell and The Fed Gang failed to tackle inflation with its 25 basis point increase in their target rate. The result? Inflation is still roaring and REAL Treasury yields remain NEGATIVE (nominal Treasury yields – inflation). In fact, the US …
https://www.usatoday.com/story/money/2022/03/16/interest-rates-increase-fed/7052888001/ The COVID-19-induced era of rock-bottom interest rates is over — just as the U.S. finally seems to be turning the corner on the pandemic. Yet while falling COVID cases and solid consumer demand are helping clear the way for …
From Adam Taggart’s Wealthion: As the Russian invasion into Ukraine continues into its 3rd week, despite the world’s hopes for resolution uncertainty continues to grow. What will the geopolitical situation look like after a cease-fire is declared? (IF one is …
by confoundedinterest17 Bankrate’s 30-year mortgage rate rose to 4.43%, up 55% under Biden/Pelosi/Schumer’s reign of error. Thanks to the rising Fed rate hikes priced-in the market.
by confoundedinterest17 Yes, it is the much anticipated Fed Week! The Fed Open Market Committee (FOMC) will announce it decision (probably the first rate hike under Biden of 25 basis points). This morning, the 10-year Treasury yield rose by 11.1 …
By Patrick Hill (The Ukraine War) “means a bigger inflation shock, a smaller rates shock, and a bigger recession shock.” -Bank of America Corp. chief strategist Michael Hartnett, 3-4-22 The war triggers a huge surge in oil prices, consumer sentiment is already …
By Lance Roberts Hiking rates into a wildly overvalued market is potentially a mistake. So says Bank of America in a recent article. Optimists expecting the stock market to weather the rate-hike cycle as they’ve done in the past are …
by Shaun Richards Today we can shift focus to the Bank of England and the UK economy as we look at the latest monetary data. First we can reflect on this one of its policymakers on Friday. “To me, the …
by Shaun Richards After what was quite a weekend we find that the economic pace has if anything picked up this morning so let us start with something which is quite extraordinary even for these times. The Bank of Russia Board of Directors …
by confoundedinterest17 Well, at least markets recovered yesterday (Dow up 500 points this AM) from the Russian invasion of Ukraine. But now on to other news. US pending home sales fell -9.07% YoY as mortgage interest rates began rising. The University …
by confoundedinterest17 US new home sales declined -19.3% YoY in January as mortgage rates have risen awfully fast. On a MoM basis, US housing starts declined -4.53% from December, but heck … its winter. The median price for new homes rose …
by confoundedinterest17 Jay “The Revelator” Powell has told us in The Fed minutes that The Fed is ready to raise rates and shrink the balance “soon.” Sort of like saying “Shock and Awe” is coming. The minutes of the recent Fed Open …
by: Clint Siegner Americans get fed a lot of BS when it comes to price inflation. Prices in the U.S. are rising faster than they were in the late 1970s when gasoline shortages triggered an economic crisis. Today, supply chain …
by confoundedinterest17 The US 30-year mortgage rate broke through the 4% barrier. According to Bankrate’s mortgage survey, the 30-year mortgage rate is now 4.2%. Even more interesting is the 5/1 Adjustable Rate Mortgage (ARM) rate falling slightly to 2.87%. That is …
With inflation going wild, many are still unable to pay their debt. The cost of goods is accelerating faster than their ability to earn. The real estate sector is on red alert. The U.S. consumer is maxed out. They need …
by Michael Snyder What in the world is happening to our country? Once upon a time, the streets of our major cities were so civilized, but today our politicians seem to have no answers as crime rates spiral out of control. …
Some $300tn in global debt needs to be rolled over. @TheEconomist: if rates rise by 100bp, global interest payments will rise from $10tn to $16tn, or from 12% to 15% of global gdp; if they rise by 200bp, to $20tn …
by confoundedinterest17 30 Trillion in debt and what do you get? Another day older and deeper in debt. What else do we get? Rising inflation and rising interest rates. Mortgage rates are rising rapidly as The Federal Reserve contemplates 5-7 rate …
View post on imgur.com https://www.mortgagenewsdaily.com/mortgage-rates 30y mortgage rates in the US just hit 3.85%: that’s 1pp higher vs Feb 2021. The new marginal buyer’s real salary has shrunk, but let’s say he wants to pay the same $2k/month. He can …
