ECB’s Own Measure of Wage Increases Blows Fuse, Sets Off Alarms about Stubbornly Hot Services Inflation by Wolf Richter • Nov 20, 2024 • 57 Comments Meanwhile, the ECB’s QT marches on, balance sheet has shed €2.45 trillion since the peak, or 59% of its pandemic QE.
Which Foreign Countries Bought the Recklessly Ballooning US Debt: An Increasingly Crucial Question. Many Piled it up. Cleanest Dirty Shirt? by Wolf Richter • Oct 19, 2024 • 114 Comments Foreign investors had a big appetite all year for Treasury securities. But China lost interest, Japan struggled with the yen.
QT Continues: ECB Balance Sheet: -€2.39 Trillion or -27% from Peak, to €6.45 Trillion, Lowest since August 2020 by Wolf Richter • Aug 20, 2024 • 41 Comments Combined QT by the Fed and ECB removed $4.4 trillion in liquidity so far. A couple of years ago, this would have been an unimaginable feat.
The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July Update by Wolf Richter • Jul 18, 2024 • 86 Comments Who is still buying the US debt is an increasingly important question. Here are the foreign investors.
Inflation Saga Far from Over: Services CPI in the Euro Area Refuses to Slow for 8th Month in a Row by Wolf Richter • Jul 2, 2024 • 66 Comments Lagarde frets over surging labor costs feeding into services inflation.
The Foreign Holders of the Ballooning US Debt: They’re Buying, But Don’t Keep Up by Wolf Richter • Jun 19, 2024 • 120 Comments As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite.
Hot Wage Growth Bedevils Wishlist for ECB Rate Cuts by Wolf Richter • Jun 17, 2024 • 41 Comments Wages jumped by 5.3% in the Euro Area, matching the prior record. The ECB pointed at wage growth as a risk to its inflation outlook.
Inflation Saga Far from Over: Services Inflation in Euro Area Just as Stubborn as in the US, Makes Very Disconcerting Moves by Wolf Richter • Mar 1, 2024 • 133 Comments Over the three months through February, services inflation has been running at roughly the same hot rate as during the peak a year ago.
Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues by Wolf Richter • Jan 1, 2024 • 104 Comments China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD.
ECB Balance Sheet QT: -€1.94 Trillion from Peak, down to €6.9 Trillion. Shed 47% of Pandemic QE Assets by Wolf Richter • Dec 28, 2023 • 44 Comments Quantitative tightening powers along in the euro area.
