Great to Have a Good Job Market with Surging Wages, but Rate-Cut Mania Takes a Hit. And We Fret about Inflation Reheating by Wolf Richter • Feb 2, 2024 • 163 Comments It’s not just the top 10% or whatever who got the wage increases.
Fed Balance Sheet QT: -$1.34 Trillion from Peak, to $7.63 Trillion, Lowest since March 2021 by Wolf Richter • Feb 1, 2024 • 94 Comments The Fed shed 33% of the Treasury securities it had added during pandemic QE and 24% of the MBS.
Despite Alphabet’s Layoffs at Google, Headcount Increased for Second Quarter in a Row. But the Huge Hiring Binge Is Over by Wolf Richter • Feb 1, 2024 • 47 Comments As Powell said, the labor market is rebalancing; it’s still tight, but it’s not out of whack anymore.
