Gasoline Plunged in June and lots of Month-to-Month CPI Squiggles Happened to Drop Simultaneously, but that Won’t Last

Global Real EstateIntelligence

Gasoline Plunged in June and lots of Month-to-Month CPI Squiggles Happened to Drop Simultaneously, but that Won’t Last · Global Real Estate Intelligence

Gasoline Plunged in June and lots of Month-to-Month CPI Squiggles Happened to Drop Simultaneously, but that Won’t Last

Fed Should Hike “in the Near Term” if CPI & PPI this Week Are “Hot”: Fed’s Waller. So at the July Meeting? Treasury Yields Jump

US Government Sold $743 Billion of Treasury Securities this Week, 30-Year Yield at 5.06% on Inflation, Lax Fed, Supply Fears

Supply of Existing Single-Family Homes Jumps to 10-Year High, Condo Supply to 14-Year High. Sales Slip Deeper into Deep Freeze. Mortgage Rates Rise to 6.49%

AI Dominated the Fed’s Meeting as Driver of “Persistent Inflationary Pressures” & Demand Growth

QT plus Rate Hikes: ECB Sheds €149 billion of QE Assets in Q2, -52% since mid-2022, Marks Gold Down by €160 Billion

Consumer “Inflation Expectations” Throw the Fed another Curveball