Bank of Canada Cuts by 25 basis points, to 4.75% as Economy and Inflation Slowed. QT Continues by Wolf Richter • Jun 5, 2024 • 53 Comments Rate hikes seem to be more effective in Canada than in the US in slowing the economy and bringing down inflation.
Bank of Japan Ended QE as the Yen Got Crushed by Wolf Richter • Jun 4, 2024 • 54 Comments Too little too late? Japan had trade deficits for years; a crushed yen is not good. Needed now: Big QT & rate hikes to bail out the yen.
This Labor Market Is Still Tight, Just Not as Crazy-Tight as it Was by Wolf Richter • Jun 4, 2024 • 52 Comments Layoffs & Discharges drop further, and are far lower than before the pandemic, as employers cling to their workers.
CRE Industry Now Frets about Next Existential Threat to Office Towers: AI by Wolf Richter • Jun 3, 2024 • 107 Comments Even more office jobs are expected to vanish, leaving even more vacant space behind.
Eyepopping Factory Construction Boom in the US: Semiconductors, Auto Industry, and Everyone Else by Wolf Richter • Jun 3, 2024 • 103 Comments A massive corporate rethink is underway. Inflation in construction costs explains only a small portion of the spending boom.
Spiking Interest Payments on the Ballooning US Government Debt v. Tax Receipts and Inflation: Q1 Update by Wolf Richter • Jun 1, 2024 • 151 Comments To what extent are interest payments eating up the national income?
Fed’s Wait-and-See on Rate Cuts Supported by Worst 6-Month “Core” & “Core Services” PCE Inflation since mid-2023 by Wolf Richter • May 31, 2024 • 102 Comments Not just housing, but also other core services. However, durable goods inflation is back to normal.
Software Stocks Got Massacred, after Salesforce & UiPath Bloodbath. Bad Breath of AI? by Wolf Richter • May 30, 2024 • 66 Comments UiPath -85% from peak just three years after IPO amid CEO chaos. When consensual hallucination fades…
Nonresidential CRE Loans Are Leaving Skid Marks on Banks by Wolf Richter • May 30, 2024 • 35 Comments They’re only a small-ish part of the banking industry’s overall loan book. But some banks are more exposed than others.
Status of Banks’ Unrealized Losses in Q1: Worsened after Brief Rate-Cut-Mania Relief by Wolf Richter • May 29, 2024 • 78 Comments Rate-cut-mania soothed the pain, but it’s over.
