2+ hour, 30+ min ago  (1014+ words) Prices of food and beverages purchased at stores and markets jumped by 0. 7% in April from March, the worst month-to-month jump since August 2022 during the period of red-hot food inflation. And it pushed the year-over-year increase to 2. 9%, the worst since August…...

1+ day, 6+ hour ago  (532+ words) In 28 of the 33 big and expensive cities we track here, mid-tier home prices in April have dropped from their respective peaks in prior years. In 19 of those cities, the peaks were in 2022; in 7, the peaks were in 2024; and in 2, the…...

2+ day, 7+ hour ago  (1162+ words) The long end of the Treasury market completely blew off the Fed's rate cuts, as indicated by the widening gap, now 149 basis points, between the 30-year yield (5. 12%) and the Effective Federal Funds Rate (EFFR, blue line) of 3. 63%, which the Fed…...

3+ day, 5+ hour ago  (1163+ words) Mortgage balances barely inched up as sales of existing homes remained in the freezer and sales of new homes " while decent " occurred with big price cuts and incentives that kept a lid on the mortgages needed to finance them. And…...

4+ day, 20+ hour ago  (1207+ words) Year-over-year, it spiked by 6. 0%, the worst since December 2022, according to data from the Bureau of Labor Statistics today (red in the chart). The shocker is the spike in services, and services dominate the PPI. The services PPI weighs 68% of the…...

5+ day, 8+ hour ago  (890+ words) Compared to the prior quarter: HELOC balances jumped, auto loan balances rose, credit card balances fell, mortgage balances edged up, and student loan balances were essentially unchanged. But the number of households has grown over the years, and the income…...

5+ day, 16+ hour ago  (1079+ words) The all-items CPI spiked seasonally adjusted by 0. 64% in April from March or by 8. 0% annualized, on top of the majestic spike in the prior month (blue line in the chart). Not seasonally adjusted, it was even worse: +0. 85% (+10. 7% annualized). Year-over-year, the all-items…...

6+ day, 15+ hour ago  (1146+ words) Sales of existing single-family homes that closed in April seasonally adjusted were unchanged from March, at an annual rate of 3. 64 million sales, near the very bottom of the deepfreeze range that has existed for the past three-and-a-half years, according to…...

1+ week, 2+ day ago  (869+ words) Housing bubbles entail employment bubbles at mortgage lenders and mortgage brokers. And housing busts then dramatically unwind those employment bubbles as mortgage lenders and brokers react to plunging demand in the housing market. Employment at nonbank mortgage lenders " which dominate…...

1+ week, 2+ day ago  (938+ words) The drumbeat of job reductions at the federal government continued in April, with another 9, 000 cuts in its civilian employment, including employees who'd departed earlier but whose severance packages ended in March. Since January 2025, the federal government has shed 345, 000 civilian employees,…...