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Personal finance, investing, markets, and economic trends that affect your money.
Reported talks would put roughly $5 billion of public credit into Fluidstack through the Office of Strategic Capital. The instrument is the story: a loan avoids appropriations, delivery obligations and asset ownership — and puts taxpayers above equity priced for a very fat right tail.
The August PPI moved rate-hike odds to roughly 70%. The rise came from goods, and over a third of the goods increase traced to diesel. The services line closest to the Fed's actual target did not move at all.
Nothing was cancelled on 4 September. No lender was ordered to drop FICO. What the FHFA removed was a 50-lender ceiling — and the market repriced the durability of pricing power, which is a bigger move than losing a customer.
August payrolls came in at three times consensus. In the same release, July flipped from job losses to job gains. The revisions are the same order of magnitude as the surprises markets trade on.
Grad PLUS lent up to the full cost of attendance. Its replacement caps professional students at $50,000 a year — against a medical-school year that averages $61,110. The difference does not disappear.
Fitch tracks sixteen perpetual non-traded BDCs. In Q2 2026, redemption requests averaged 10.3% of shares against a standard 5% cap, and ten of the sixteen breached it. Nothing broke — which is the uncomfortable part.
Nationally, asking prices are down about 2% and inventory is up 3.2% — a picture of orderly rebalancing. Underneath it, Austin's median list price is down 12.2% while San Francisco's inventory has fallen nearly 20%. Those are not variations around a mean.
A composite index of 56.0 is the strongest US reading since April 2022. It is also an average of a services sector at a 20-month high and a factory sector going the other way.
Kevin Warsh gives his first Jackson Hole keynote as Fed chair on 28 August. Markets will read it for rate signals. The programme was written to ask a different question: whether monetary policy still transmits through rails the Fed does not operate.
Buyback operations in the 10-to-20 and 20-to-30 year sectors go from a $2 billion maximum to at least $4 billion from 9 September. The long end repriced on what is close to a cash-neutral swap.
Core CPI slowed to 2.5%, the softest annual pace since March 2021 — partly because it excludes energy, which is 14.7% above a year ago. But energy fell 1.5% in July after falling 5.7% in June, and that monthly detail flips the obvious conclusion.
A supply-driven energy shock is the one kind of inflation monetary policy handles worst — and the buffer that would normally absorb it is at a 43-year low, partly because it was already spent on this same crisis.