Reserve Bank of Australia, First Central Bank to “Pause” then “Un-Pause,” Hikes Again, Warns of More Hikes. QT Continues by Wolf Richter • Jun 6, 2023 • 44 Comments Markets surprised by hike and hawkish tilt on fears about inflation expectations and surging labor costs without productivity gains.
What Are Older Office Towers Worth in the New Era? Second San Francisco Office Tower Sells for 70% Off Original Listing Price by Wolf Richter • Jun 5, 2023 • 125 Comments And nearly 60% off the purchase price in 2005. Price discovery sets in. Deals are being made.
Why Jobs in Retail Are at 2007 Levels: It’s Structural. Jobs in Ecommerce & Services Boomed but Aren’t in “Retail Trade.” And Half of Retail Trade is Moribund by Wolf Richter • Jun 5, 2023 • 84 Comments Walmart U.S. gave us some color: ecommerce sales +27%; grocery sales +12%; non-grocery brick-and-mortar sales -10%.
Long View of Job Growth by Industry. And the “Multiple Jobholders” Question by Wolf Richter • Jun 3, 2023 • 134 Comments To shed some additional light on the jobs report.
Landing Got Cancelled: Job Market Still at Cruising Altitude with Some Bumps by Wolf Richter • Jun 2, 2023 • 229 Comments Even Wage Growth for Nonsupervisory Workers Accelerated. Powell is scratching his head, after all the rate hikes.
Fed’s Balance Sheet Plunged by $348 Billion in the 10 Weeks since Peak Bank Crisis, and by $580 billion since QT Started by Wolf Richter • Jun 1, 2023 • 139 Comments QT on track, bank liquidity measures unwind.
Banks’ Unrealized Losses on Securities Drop for Second Quarter in a Row, -25% from Peak by Wolf Richter • Jun 1, 2023 • 47 Comments From huge to somewhat less huge? Because they’re still six times the magnitude of the prior worst-record in 2018
