Beyond the Balance Sheet: How Bad Are Things at the Fed?

Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises In our nonfarm payrolls preview, we quoted JPMorgan's Market Intel desk which said that "for this print, the stronger the better", which by implication means that a poor number would be bad. By that logic, the actual number couldn't be any worse, because moments ago the BLS reported that in February, the US lost 92,000 jobs, a huge drop from the downward revised (of course) 126K in January, and the second worst print since 2020...

President Trump on Tuesday issued another threat against Iran, saying a “whole civilization will die tonight,” raising fears that he’s threatening to use nuclear weapons. “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will,” the president wrote on Truth Social. He went […]