Den amerikanska PCE-inflationen, som brukar beskrivas som Federal Reserves favoritinflationsmått, steg med 0,4 procent i september i linje med augusti-siffran.
The optimistic view points to a small decline in the annual rate of core inflation to a more than two-year low of 3.7% from 3.8% in the prior month.
Good news, to be sure, but the rate of inflation is still far away from the Fed's 2% target.
Not only that, but the 0.4% increase in headline PCE and 0.3% in the core rate (which omits food and energy) won't let the Fed achieve its goal.
Monthly headline and core inflation increases need to slow to 0.1% or 0.2% a month to get there.
Förväntningarna var att den skulle bromsat in till en månadstakt på 0,3 procent.
U.S. fighter jets launched airstrikes early Friday on two locations in eastern Syria linked to Iran’s Revolutionary Guard Corps, the Pentagon said, in retaliation for a slew of drone and missile attacks against U.S. bases and personnel in the region
Fossila bränslen kan nå sin topp innan år 2030. Då kommer solceller stå för mer el än hela USA:s energisystem gör i dag.
Men det räcker inte. Dagens politik leder till en uppvärmning på 2,4 grader. Ska Parisavtalets mål nås måste det till krafttag, enligt Internationella energiorganet IEA:s energirapport.
A separate study that came out last week suggests the world may have reached “a global irreversible solar tipping point,” with ever-cheaper solar dominating electricity markets purely because of market forces, without any additional climate policies.
‘That’s exactly what we did back in the housing boom in 2006’
Mortgage rates are at the highest level since 2000, with the 30-year fixed-rate mortgage averaging 7.9% as of October 20.
... growing popularity of affordability boosters like adjustable-rate mortgages, assumable mortgages, and down payments as small as 1%.
The 2/28 and 3/27 refer to adjustable-rate mortgages. With the 2/28 loan, a buyer has a fixed rate for the first two years, after which the mortgage rate is pegged to the prevailing rate and adjusts every year or even more often.
The 3/27 ARM is similar, but the initial fixed term is three years instead of two.
Today, home-lending standards have become much stricter, the industry says, with more attention paid to whether a borrower has the ability to pay their debts.
Yet with 30-year fixed-rate mortgage rates at 8% and home-buying demand drying up, lenders are still trying to introduce more creative ways to help buyers.
In the fiscal year that just ended, the US government borrowed $1.7 trillion, more than 6% of gross domestic product. Bear in mind, that was with an economy running hot, with high inflation and more than full employment.
Unless something is done, the ratio of net federal debt to GDP will soon surpass 106% — a level last reached at the end of World War II — then keep on rising.
This outlook, largely ignored by Washington’s policymakers, points to a looming budget catastrophe.
Higher nominal rates raise the cost of servicing debt, but don’t worsen the long-term debt position if they merely offset inflation, which causes both debt and nominal GDP to grow faster.
Meaningful fiscal discipline demands responsible entitlement reform combined with higher taxes applied to a sufficiently broad base — meaning not confined to corporate profits or the highest incomes.
Neither party is willing, as yet, to even contemplate such changes. At some point they’ll have to
Mervyn King was governor of the Bank of England during the financial crisis Mervyn King is playing a game of chicken with the world’s most irresponsible industry. Martin Wolf, Financial Times 21/9 2007 Man who started QE. King is good at articulating what’s wrong with the global economy, not so good when it comes to solutions. https://englundmacro.blogspot.com/2025/07/mervyn-king.html
Vänsterpartiets kopplingar till terrorklassade islamistiska nätverk blev nyckeln till deras valframgångar. I stället för att verka avskräckande har skandalerna kring partiföreträdare som öppet skyltat med Hamassympatier och deltagit i hyllningar av massakern på Novafestivalen 2023 lockat stora muslimska väljarskaror i utanförskapsområden. Men dagens vänsterpartier har hittat en väg ut ur socialismens klasskampspolitik – ett arbetarparti utan arbetare har ju ändå ingen framtid. I stället såg vänstern sin ljusnande framtid i grupper som bär tydliga likheter med palestinarörelsen i fråga om synen på judar. Socialismens djupa rötter i antisionismen, som även Karl Marx gav näring åt, trots att han var jude, kunde således vävas samman med Palestinaaktivismens antisemitiska slagord. Unni Drougge Epoch Times 2026-10-01 https://www.epochtimes.se/vanstern-gar-fran-klasskamp-till-klan Why Bowl Together When You Can Scroll Alone? Bowling was once popular as a family-friendly way ...
The country is being hit by a pre-election debt sell-off. Many fear it could shake the Eurozone. France’s debt has reached €3.5tn, at nearly 120 per cent of GDP, far above the Eurozone average. Servicing costs the state’s single biggest expenditure ahead of education or defence. The additional interest rate that France pays to borrow over ultra-safe German debt has surged to around 1.4 percentage points on 10-year debt. In the worst-case scenario, some think the European Central Bank could be forced to come to the rescue. That could come at the cost of demanding structural reforms, such as slashing pension spending, which the French public has long rejected. Financial Times 6 October 2026 https://www.ft.com/content/9b252b46-a87c-45e7-a09a-45a39ce077b8?syn-25a6b1a6=1 In Europe, the shadows of the 2011-12 crisis are emerging again. Lorenzo Bini Smaghi Financial Times 5 October 2026 The writer is a former member of the executive board of the European Central Bank and former chair of...
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