Fed Balance Sheet QT: -$15 Billion in September, -$2.38 Trillion from Peak, to $6.59 Trillion by Wolf Richter • Oct 2, 2025 • 70 Comments The Standing Repo Facility got a bit of use on Sept. 15 (corporate tax day) amid minor liquidity strains in the repo market.
Status of US Dollar as Global Reserve Currency: USD Share Plunges to Lowest since 1994, as USD Exchange Rates Tank, Central Banks Diversify by Wolf Richter • Oct 2, 2025 • 51 Comments The rise of the “non-traditional reserve currencies.”
Tariff Cash Keeps Rolling In: Record $30 Billion in September by Wolf Richter • Oct 1, 2025 • 101 Comments Corporate profits, after exploding in the high-inflation era, fell this year. Tariffs are very difficult to pass on after the price spikes in 2020-2022.
ADP Employment Report: -32,000 Jobs in September after -43,000 Annual Adjustment to Benchmark ADP data to BLS Data by Wolf Richter • Oct 1, 2025 • 66 Comments Pre-benchmarking jobs: +11,000. Private-sector measures not immune to data mess. Trend shows “employers have been cautious with hiring.”
