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Inflation Alert! March SCE Labor Market Survey: The average full-time offer wage received in the past four months increased to $62,088 from $59,834 in November 2022.

The average reservation wage—the lowest wage respondents would be willing to accept for a new job—rose to a new series high of $75,811 Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ * The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the March
dismal-jellyfish 📈 Macroeconomics

SEC Alert! SEC Appoints Deborah J. Jeffrey as Inspector General effective May 7, 2023. Ms. Jeffrey is currently the Inspector General of AmeriCorps.

Press Release: The Securities and Exchange Commission today announced the appointment of Deborah J. Jeffrey as Inspector General, effective May 7, 2023. Ms. Jeffrey is currently the Inspector General of AmeriCorps. “Deb will bring incredible experience in public service and oversight to the SEC,” said SEC Chair Gary Gensler. “The
dismal-jellyfish 🧱 Market Reform

SEC Alert! OPEN for comment, the SEC is proposing to require electronic filing or submission of certain forms and other filings or submissions. The proposal would require the information currently contained in Form 19b-4(e) to be publicly posted.

Electronic Submission of Certain Materials under the Securities Exchange Act: Amendments Regarding the Financial and Operational Combined Uniform Single Report (386 pages) https://public-inspection.federalregister.gov/2023-06330.pdf Summary * The Securities and Exchange Commission (“Commission” or “SEC”) is proposing to require electronic filing or submission of certain forms and other
dismal-jellyfish 🧱 Market Reform

CFTC Alert! CFTC Commissioner Christy Goldsmith Romero Announces Yevgeny Shrago as Senior Counsel and Policy Advisor. Shrago previously worked as a Project Leader at the Boston Consulting Group.

Source: https://www.cftc.gov/PressRoom/PressReleases/8689-23 Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero announced that Yevgeny Shrago will serve as her Senior Counsel and Policy Advisor. “I am very excited to have Yevgeny on the team. Yevgeny has tremendous experience protecting consumers and advancing the safety,
dismal-jellyfish 🗣 Discussion / Question

+$60.6769 billion deposited in commercial banks in the last week (Mar 29th-April 4th). Since 2/22/2023, $439.48 billion in deposits have been pulled. $906.85 billion in deposits has been pulled in the last year.

https://fred.stlouisfed.org/series/DPSACBW027SBOG Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the week ending March 29, 2023. The major asset item affected was the following: securities, $87 billion. Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the
dismal-jellyfish 📈 Macroeconomics

SEC Chair Gary Gensler: "Yet these platforms are acting as if they have a choice to comply with our laws. They don’t." "Investors in the crypto markets must receive the same time-tested protections that the securities laws provide in all other markets."

Statement on Alternative Trading Systems and the Definition of an Exchange Chair Gary Gensler: Today, the Commission is considering whether to issue a supplemental release to our January 2022 proposal requiring significant trading platforms—including in the Treasury markets—to come under important rules for the markets. I believe this
dismal-jellyfish 🧱 Market Reform