Why Higher Interest Rates Won’t Solve the Inflation Problem

Interest rates are heading higher, and the economic toll from the rapid, ongoing rise in the…

Will Home Prices Crash? Don’t Count on It. Here’s Why.

The housing market is cooling, but the downturn may be overhyped. That is both a blessing…

Liquidity Is Evaporating From the Treasury Market. It’s a Bigger Problem Than Just Bonds.

Treasury-market liquidity is drying up and it’s going to get worse. The problem is bigger than…

The Fed Has Another Problem. States Are Doling Out Stimulus Funds

A spending spree is coming, and it may do more harm than good. An analysis by…

Europe’s Unfolding Crises Could Impact U.S. Stocks. Here’s How.

U.S. investors are watching the Federal Reserve but the European Central Bank is likely to keep…

The Fed Is About to Ramp Up Balance-Sheet Shrinkage. It May Get Dicey.

Fed Chairman Jerome Powell, shown during a postmeeting press conference late last month, has suggested balance-sheet…

Car Repos Are Exploding. That’s a Bad Omen.

The jobs report and minutes from the Federal Reserve’s June meeting were the economic highlights of…

Gas-Tax Holiday Is a Gimmick. Here Are Some Better Ideas.

President Biden’s proposed gas-tax holiday is both a gimmick and dead on arrival. Yet, it is…

Avoiding Recession May Require Moving the Inflation Goal Post

Fed chief Jerome Powell, shown at a May 4 press conference, has said the central bank…

Consumers Aren’t OK. Why April Retail Sales Are Misleading.

Walmart sales climbed in the first quarter from a year ago, but flat transaction numbers suggest…

Fed Hawkishness May Be Near Its Peak, Even if Inflation Isn’t

Fed Chairman Jerome Powell, shown earlier this month at his postmeeting press conference, says the price…

Gold Is Heading Higher as Inflation Rages. Why the Next Stop Could Be $3,000 an Ounce.

Gold bugs have been a lonely bunch, but that may be starting to change. In the…

Inflation Isn’t Close to Peaking. Why Prices Will Keep Rising.

The producer price index showed surging prices for meat and fish categories, costs that tend to…

Why Housing May Not Get as Hammered as Usual in This Rate Hike Cycle

Traditional home buyers are sure to be pinched by rising mortgage rates, but better-financed investors could…

Housing Market Is the Fed’s Frankenstein, and It Won’t Be Easily Tamed

Fed chief Jerome Powell says there is an ‘element of uncertainty around the balance sheet’ and…

Forget Fed Rate Hikes. How It Handles Its $9 Trillion in Assets Is What Really Matters.

Federal Reserve Board Chairman Jerome Powell, shown late last year at a House hearing, faces some…

Fed Could Be Changing Course at Just the Wrong Time

Wall Street initially breathed a sigh of relief this week after the Federal Reserve announced that…

Taper Time Is on the Way, Maybe. Powell Sets the Stage With Plenty of Caveats.

Federal Reserve Chairman Jerome Powell signaled in his Jackson Hole speech Friday that the central bank…

Markets to the Fed: Your Hawkish Turn Isn’t Fooling Anyone

Investors are calling the Federal Reserve’s bluff. They are right to do so. At face value,…

Markets to the Fed: Your Hawkish Turn Isn’t Fooling Anyone.

Investors are calling the Federal Reserve’s bluff. They are right to do so. At face value,…