Surveillance

Pimco’s Warning on Banks and CRE Hammers Home Higher-for-Longer Rate Risk

JPMorgan’s Stealey says fallout from a record hiking cycle is still a threat 

A building for lease in San Francisco, where the office-vacancy rate tops 25% as tenants depart.

Photographer: David Paul Morris/Bloomberg

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Investors talk a lot about a “Goldilocks” US economy.