Fed Raises 75 Basis Points and No PIVOT!
It is beyond us why so many people kept thinking the Fed would pivot or pause raising interest rates when inflation is still raging. If anything, the irony is that…
Fed Raises Rates – Markets Tank
The Fed raised rates for the fifth time this year and today was a 75 basis point hike bringing the rate up to 3 to 3.25 range. The Fed plans…
New York Fed – Debt Delinquency Rising
The New York Fed has a report with various graphs showing the rise in delinquencies for credit card and auto debt. Let’s take a look. Total household debt increased by…
Fed Funds vs Consumer Credit – Uncharted Territory
We like to take a look at data in different ways often magnifying or shrinking data points to try to get a better understanding of what data is trying to…
July 2022 – US Top Trading Partner Inflation Check
While inflation in the United States seems to have moderated a bit, that doesn’t appear to be the case with the top 10 trading partners of the United States. United…
US Top Trading Partner Inflation Update
We recently read this Reuters article in which Treasury Secretary Yellen stated that inflation would remain high. U.S. Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation…
Federal Reserve Raises Rates 1/4 Point
With no real surprise to anyone, the Federal Reserve raised rates today by 1/4 point. The stock market didn’t have any big reaction to the increase but with inflation at…
The Labor Battle Intensifies: Healthcare vs Retail
In Indiana, hospitals can’t keep healthcare workers because Walmart is offering higher pay and lower risk. Why work at a hospital with sick patients and worry about them dying when…
Global Economic Outlook + Today’s Fed Decision
While everyone is talking about Wednesday’s FOMC meeting where the Fed announced: In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80…
JOLTS, UK Labor, and Food
Today’s theme is food and labor. We have reports from Campbell Soup that high labor costs are pinching profits and inflation doesn’t seem to be abating. United Natural Foods reported…