The BLS samples both continuing and new tenants to create the subcomponent of CPI known as rent of primary residences. It also offers a lesser known measure of rent that only samples new tenants. The former is meant to capture rent inflation for the average consumer, but the latter offers a more current view on where rents are heading.
Since May 2020, foreign-born workers have accounted for over 36% of total employment growth in the United States. This is almost double their share of the labor force.
The fed funds market is currently pricing in two rate cuts by April 2025 and five rate cuts by April 2026.
The Fed's cumulative losses since September 7, 2022 now total roughly $164 billion.
Bernard Arnault has held the crown of world's richest for roughly a month now.
A long-term look at temperature anomalies since 1850
Some interesting charts from our recent posts
Today's topics include sticky inflation, wages vs. inflation, more Fedspeak confirming higher for longer, rate cut expectations, corporate net interest income, what is the proper level of bank reserves?, sentiment analysis on the beige book, the dollar, and the calls for 'no landing' grow
Today's topics include higher for longer is now the base case, central banks' 2% inflation target, economic growth around the world, managers shed bond exposure, market reaction to Middle East escalation, housing affordability, quantifying wealth by generation, and AI will require massive amounts of energy
The bond market is again tracking historic year-to-date losses. The global fund manager started the year with a record bullish position and is experiencing much pain. Stocks have begun to notice.