WashingtonAugust 24
A cooling job market meets sticky inflation, and Wednesday’s PCE report has to referee
The numbers
Payrolls fell 23,000 in July while CPI held at 3.4 percent — the combination policymakers least want to see
Wall Street Ledger — news and analysis on financial companies
Rate-hike talk resurfaces at the Fed as Warsh prepares his first Jackson Hole address
Live Updates
Minutes from the July meeting show several policymakers wanted an immediate increase, leaving the chair’s Friday keynote as the week’s most closely watched event.
A cooling job market meets sticky inflation, and Wednesday’s PCE report has to referee
Markets
Ten-year breakevens hit their highest level since June as the long end shrugs off Treasury’s intervention
This Week
Treasury doubles the size of its long-end buybacks, testing whether it can calm the 30-year
Explainer
Buybacks are not quantitative easing. Why the distinction decides what the operations can actually achieve
The FDIC will now grant new banks a contingent approval before they raise all their capital
Regulation
Comments on the Fed’s Regulation O overhaul close October 5. What changes for insider lending