U.S. Factory Construction in a Historic Spike, after Years of Going Nowhere (Amazing, but Can Something Like this Last?) by Wolf Richter • Nov 4, 2023 • 128 Comments And the factory construction announcements continue.
Which Industries Lost Jobs, Which Gained Jobs? Longer-Term Employment Trends in Charts by Segment by Wolf Richter • Nov 3, 2023 • 44 Comments Some are hot, some are very cold.
Manufacturing Jobs Hit by Strikes. Job Growth Still Decent. We Look at Part-Time Jobs (Plunged), Self-Employment, and Multiple Jobholders by Wolf Richter • Nov 3, 2023 • 53 Comments Increases in average hourly earnings accelerate sharply for private sector Production and Nonsupervisory Employees.
Fed Balance Sheet QT: -$1.1 Trillion from Peak, to $7.87 Trillion, Lowest since May 2021. by Wolf Richter • Nov 2, 2023 • 85 Comments Fed shed 26.5% of Treasuries it had added during pandemic QE.
Anything Unusual in the Drop of the 10-year Treasury Yield? Despite the Hype & Hoopla, it Hasn’t Done Anything Special by Wolf Richter • Nov 2, 2023 • 88 Comments Volatility. Powell mentioned it too. The 10-year yield is hugely volatile, and the drop over the past few days fits right in. Have a look.
“We’ll Probably Still Be Left with Ground to Cover to Get Back to Full Price Stability”: Powell at the FOMC Press Conference by Wolf Richter • Nov 1, 2023 • 157 Comments “The best thing we can do for the US is to fully restore price stability, and not fail in that task, and do it as quickly as possible, but also with the least damage we can.”
Tsunami of Treasury Issuance Will Shift from Longer-Term Debt to Short-Term T-Bills & 2-Year Notes amid Intense Navel-Gazing about Spiking 10-Year Yield. by Wolf Richter • Nov 1, 2023 • 59 Comments The Spiking 10-Year Treasury Yields Apparently Rattled the Government’s Nerves.
Another “Hawkish Hold” with Tightening Bias: Fed Keeps Rates at 5.50% Top of Range, Rate Hike Still on the Table. QT Continues by Wolf Richter • Nov 1, 2023 • 109 Comments Higher for how much longer? “The extent of additional policy firming that may be appropriate….”
The Most Splendid Housing Bubbles in America, October Update: 10 of the 20 Metros Down from their Peaks Last Year, 6 Metros Set New Highs by Wolf Richter • Oct 31, 2023 • 207 Comments From 2022 peaks: San Francisco -11%, Seattle -10%, Las Vegas -6%, Phoenix -6%, Portland -5%, then Denver, Dallas, San Diego, Los Angeles, Tampa.
Marketable US Treasury Debt to Explode by $2.85 Trillion in the 10 Months from End of Debt Ceiling to March 31, 2024 by Wolf Richter • Oct 30, 2023 • 159 Comments Including $1.56 trillion in Q4 2023 & Q1 2024. Government has gone nuts.
