Final Destination? US Housing Starts Drop -21.4% Year-over-Year In January As The Fed Continues To Tighten (PPI Final Demand Remains Elevated At 6% YoY)

confoundedinterest17 #bubble, #inflation, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, CDS, GDP, Gold, Housing, Inflation, Mortgage, Powell, PPI, Silver, Treasuries, Treasury, Uncategorized, Wages, Yellen February 16, 2023February 16, 2023 1 Minute

I feel like I am in the film “Final Destination” but I can’t get off the aircraft.

First, US housing starts are now down -21.4% year-over-year (YoY) and down -4.5% month-over-month (MoM) in January 2023 as The Fed removes its massive monetary stimulus.

PPI Final Demand PRICES are still elevated at 6% YoY, so expect more Fed tightening.

Today’s data dump.

On a final note, I am appalled at the Biden Administration’s “response” to the East Palestine Ohio derailment. Where is Mayor Pete, the US Transportation Secretary??