Fed BoG is increasingly staffed by Trump loyalists, who don't yet have a majority at just 3/7, but who can absolutely sway the confirmation process. If the non-Trump-appointed BoG has even 1 thumbs down (for unrelated reasons, such as disagreement ...

At least two more Fed cuts likely in 2026, says Moody's Mark Zandi

Lol. Trump's been stacking the Fed like he stacked SCOTUS. Bostic retires in what, February? Another Trump loyalist will be taking his place. Whoever Powell's seat goes to, ditto. You'd have to be willfully ignorant to think they're not going to cut ...

At least two more Fed cuts likely in 2026, says Moody's Mark Zandi

This week: unadjusted continuing claims +124k (6.6% w/w) vs seasonal expectation of +85k (4.5%). Raw number nearly 50% worse than the model predicted. Headline? +38k adjusted. Abra Kadabra, Alakazam! Continuation of DOL's favorite ...

US Unemployment Insurance Weekly Claims

You could drop the 30 year rate to 4.5% overnight. Listing/asking prices would surge, and actual sales would barely budge. It's not a rate problem, it's that homeownership has been treated like the primary investment vehicle for the country for far ...

US: How Much More Will Mortgage Rates Have to Drop to Spur Home Sales?

Don't forget the fourth one that Trump's going to put in there after Bostic retires.

Fed's Waller says jobs market is very soft, current payrolls growth not good

Looking forward to the negative revisions to the November numbers in January, February, March, and April, until it's finally revealed that we lost jobs in November, too.

US lost 105,000 jobs in October and added 64,000 in November, according to delayed data

Great way for Trump to increase betting market insider trading yields for his friends and family buying YES HASSETT / NO WARSH. Heck, they might have even bought YES WARSH at pennies, are are selling them off at 1500% ROI now.

Trump says Kevin Warsh is at top of Fed chair candidate list, president should be consulted on...

Well, there was that one kid in Butler who allegedly tried! Politicians in a democracy have two jobs: to get elected, and to get re-elected. How will the bitter medicine of fixing the long-term health of economy help Trump get elected to the ...

Trump: I inherited the worst inflation in history but now, it’s totally different. Prices are...

Some of us were highlighting the situation weeks ago... There's still even more funny business going on, too! Look closer at that DOL report linked in the news post - actual initial claims, unadjusted, for the week ending December 6th, totaled ...

US Unemployment Insurance Weekly Claims

Clearly a pre-Hassett dot plot. Regardless of whoever ends up being Trump's pick, trust that they're going to be a hatchet-man ready to aggressively chop, slash, and cut as low as they possibly can, which will almost certainly be much lower than a ...

FOMC Summary of Economic Projections

The Committee judges that reserve balances have declined to ample levels and will initiate purchases of shorter-term Treasury securities as needed to maintain an ample supply of reserves on an ongoing basis SOFT QE INCOMING! image

Federal Reserve issues FOMC statement

Hawkish cut, you say?

Federal Reserve: Expect a 'hawkish cut' today as officials look to slow down on interest rate...

Whew... you scared me there for a second. I was moments away from sending you this peace offering: video Apology accepted, mon ami! here's to the incoming ZIRP 2: "Apolitical" Edition

Trump says rate cut will be litmus test for new Fed chair

Besides directly causing the Great Depression, or including that? Did it introduce ZIRP, artificially lowering interest rates on borrowing money to levels far below what the market would naturally price, free of government intervention, causing ...

Trump says rate cut will be litmus test for new Fed chair

When all you have is a hammer, every problem starts looking like a nail. You're right that it won't fix the problem, but that's not going to stop them from trying, lol.

US: ADP National Employment Report: Private Sector Employment Shed 32,000 Jobs in November;...

Careful what you wish for, Trump might prefer NIRP over ZIRP if it juices the economy sufficiently heading into midterms

Hassett: Fed chair decision due around New Year, Trump may interview candidates over next two...

A no cut December is setting us up for 50 bps to kick off 2026. Labor market is imploding. September numbers experienced unprecedented funny business (highest seasonal adjustment factor ever; 4th worst September in history ahead of only 2018, 2001, ...

Fed’s Goolsbee: While In Dark On Official Data I Was More Paranoid About Inflation Side, Since...

Hold up, you're telling me Powell ISN'T standing in the middle of an exchange floor with red ambient lighting and two bald eagles flying around inside?! Say it ain't so!

FOMC Minutes Expose Fractured Fed; "Many" See No Tariff Inflation, "Several" Fear Disorderly...

Almost like centralizing 20% of all global internet traffic behind one glorified CDN isn't a smart idea. Fun fact for those who don't know: because Cloudflare also provides WAF services, they are performing TLS termination on your traffic, meaning ...

Cloudflare outage disrupts ChatGPT, X, other internet services

There is no such thing as tariff inflation. Inflation is exclusively caused by the rate of growth in the supply of money exceeding the rate of growth in the supply of goods and services. Not all price increases are inflation. Further, tariffs are ...

Next Fed interest-rate cut could slide into 2026