While it received far less attention that the Fed's dot plot, the only thing that the Fed actually did change yesterday were its administered rates, as it raised the rate on its overnight Reverse Repo facility from 0% to 0.05% and the rate on excess
After spiking dramatically on the "hawkish" FOMC statement, the long-end of the yield curve has utterly collapsed this morning with 30Y Yields down 10bps from its highs...
And why should anyone believe the Fed? Inflation has been soaring, yet the Fed has been completely dismissive of it, claiming that inflation is 'transitory', i.e. it's a temporary phenomenon that will eventually stop.
The RV boom has left many dealers with limited inventory or even empty lots. Thor's backlog of orders is a whopping $14.32 billion as of late April, the company's latest filing said. That's up 32.5% from $10.81 billion at the end of January and up
While the country fought a deadly pandemic for more than a year and schools remained closed, the education system in Pennsylvania received more federal aid than health care systems did.
With a lack of stimmies to keep the spending dream alive, analysts expected a 0.8% MoM plunge in retail sales (confirming BofA's recent perfect streak of predictions), but the data was even worse, tumbling 1.3% MoM...
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender.
It would be difficult to find a better example of moral obtuseness than the mindset that leftists/liberals/progressives/socialists have toward wealth and poverty. (I'll use the term "liberals" for the rest of this essay.)
Judge halts Biden's 'unconstitutional' $4BN program to pay up to 120% of black, Hispanic, Asian or Native American farmers' debt after 12 white farmers sued
House prices in the United States are being pushed up by pension funds that are outbidding middle class families and purchasing up to 24% of houses in some areas they then rent out, according to a new report.
What is going to happen to housing in the second half of 2021 and beyond. Ken breaks it down with an analysis of his 5 predictions for 2022 and beyond and highlights the opportunities available.
'It could be devastating': Deutsche Bank warns 5% inflation may get WORSE as prices rise at fastest rate since 2008 Great Recession and GOP blame Biden's stimulus programs
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