Crude oil traded in a tight range on Thursday morning as China (a major crude oil consumer) came out with its consumer price index (CPI)
(Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted
Despite common assertions to the contrary, government spending does not necessarily cause inflation. Whether it does so depends on the willingness of the monetary authority
Hotter-than-expected inflation has rekindled fears about a wage-price spiral. Writing in the Wall Street Journal, Jason Furman argues the Fed should tighten even faster. The
By Graham Summers, MBA The U.S. is heading towards a debt crisis. It’s been heading towards one for years… but the massive rise in Treasury
One day after President Biden proposed raising taxes on high-earning Americans to keep Medicare afloat, the Washington Post reports that Biden is now expected to
President Joe Biden delivers remarks on his plan to protect Americans access to affordable health care in Virginia Beach, Virginia, on Feb. 28, 2023.Saul Loeb
On Friday, residential real estate brokerage firm Redfin released new data on home prices, showing that prices fell 0.6 percent in February, year over year.
Yesterday, the spread between 2- and 10-year yields rose above 1% (and in the past 24 hours yield curve has blown out another 10bps to
Step 1 of QT is operating at full speed. Step 2 of QT is just starting. By Wolf Richter for WOLF STREET. Total assets on the ECB’s balance