This morning's payrolls report missed expectations. Wages may have stabilized, but they continue to fall short of inflation. Traders don't see today's data as changing the Fed's math.
Today's topics include food inflation, Treasury selloffs, U.S. dollar value according to the big mac index, rebuttal to struggling U.S. households, mortgage rates & inflation, Chinese productivity, Timiraos chimes in on Fed lending, changing the minds of stock investors, U.S. equity outperformance, demand decline, and tracking oil demand
Few homeowners want to forego the low mortgage rate they locked in over the past couple decades, leading to a supply issue in the housing market and headwinds for further declines in inflation.
The Fed's fight against inflation will depend heavily on housing prices from here on out.
Age used to play a larger role in determining one's inflation expectations. Now that the under-40 crowd has experienced sustained inflation firsthand, this is no longer the case.
The controversy over ESG funds has intensified as critics say high ESG standards are applied arbitrarily. Since the end of 2020, ESG funds have outperformed vice funds.
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?
The U.S Treasury Department releases data on foreign ownership of Treasuries. The data is current through May 2023.
A long-term look at wheat prices
Some interesting charts from our recent posts
Today's topics include more on the U.S. downgrade, a few more details on the Treasury's buyback program, two heavyweights on opposite sides of bonds, the correlation between stocks & bonds, the ever-evolving bond market, some hope for a tight housing market?, quantifying inflation's decline across the globe, and further evidence of financial strains