'Walmart Worries' just keep multiplying. It's currently close to the highest level ever recorded which was during the Great Financial Crisis of 2008-09.
High energy prices are kryptonite for the housing market. Affordability, especially for those first-time home buyers, is now an elusive dream until oil prices come down and interest rates come down.
"Oil prices are higher again this morning, but Treasury yields are lower as the risks to economic growth begin to take precedence over the risks to inflation," Oxford Economics said in a note on Monday.
"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The implications of developments in the Middle East for the US economy are uncertain, the central bank said in a statement announcing its policy decision and referring to its Federal Open Market Committee.
The country is almost certain to enter the next shock more indebted than we have ever been before, which may significantly hamper our ability to marshal an appropriate response. The U.S. has never experienced an economic shock as indebted as we are today. This situation leaves the U.S. immensely vulnerable.
I have not touched a paper note for months. I don't even have money to pay for a taxi. Now we walk a lot, for long distances. Palestinians in Gaza use the Israeli currency, the shekel, in their daily transactions, and depend on Israel to supply banks with new banknotes and coins.
There is an echoing melancholy to this era, as we watch the end of Silicon Valley's hypergrowth era, the horrifying result of 15+ years of steering the tech industry away from solving actual problems in pursuit of eternal growth. Everything is more expensive, and every tech product has gotten worse, all so that every company can "do AI,"
Trump is trying to reverse his sagging approval ratings by brute force, leaning on populist instincts to deliver visible cost relief before November. The result: institutional stability and capitalist norms - like so much else in the Trump era - are increasingly subordinate to raw presidential power. Zoom in: Trump has denied knowledge of the Justice Department's criminal inquiry into Fed chair Jerome Powell, which is nominally focused on cost overruns from the central bank's renovation of its D.C. headquarters.