Charts of the Week
Credit Card Debt Growth Outpacing Inflation
February 14, 2025
Credit card debt is now 36% higher than it was pre-pandemic.
Credit card debt is now 36% higher than it was pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
Some interesting charts from our recent posts
Today's topics include more on yesterday's CPI release, the tariff wars, the accounting gimmickry of monetizing U.S. gold holdings, Fed independence, measuring the market's fragility, is the buy-the-dip mentality fading?, the Mag 7, Jamie Dimon's remote work frustrations boil over, and the winter freeze on the housing market
CPI came in much higher than expectations. Traders now see a roughly 50/50 chance the Fed remains on hold through the September meeting.
Today's topics include Powell reiterates no rush on lowering rates further, two conflicting views on inflation, an uncertain society but calm market, a shift in what is driving equity markets, Japanese borrowing costs, earnings beats continue to roll in, risk on market, draining reverse repo, China's property crisis is getting worse, creating a bipolar world, traders eye Wednesday rallies, and are stablecoins the future?
In the latest installment of Talking Data, Jim discusses inflation expectations and the market's reaction.
Today's topics include Previewing tomorrow's CPI report, explaining Trump's treasury irregularities comment, the Fed remains in wait-and-see mode, today's tariff headlines, many ways to measure an overvalued market, European natural gas, and sanctioned oil
The Fed believes controlling inflation expectations is critical to returning to its 2% target. However, most measures of inflation expectations are becoming unanchored. If the Fed continues ignoring this, the bond market's reaction will worsen.