Research
The US desk on one page — the Fed path, the calendar, this week's earnings and the health of the tape. Every number sourced, nothing editorialized.
Rates & the Fed
Effective Fed Funds rate
3.63
%
+0.00%
2026-06-01
Daily Fed Funds rate
3.63
%
+0.00%
2026-07-16
3-month Treasury yield
3.84
%
+0.26%
2026-07-16
2-year Treasury yield
4.16
%
+0.73%
2026-07-16
5-year Treasury yield
4.28
%
+0.47%
2026-07-16
10-year Treasury yield
4.57
%
+0.44%
2026-07-16
30-year Treasury yield
5.09
%
+0.20%
2026-07-16
10-yr minus 2-yr spread
0.37
%
-9.76%
2026-07-17
10-yr minus 3-mo spread
0.70
%
-4.11%
2026-07-17
Inflation
CPI (headline, SA)
332.57
Index 1982-84=100
-0.42%
2026-06-01
Core CPI (SA)
336.06
Index 1982-84=100
-0.02%
2026-06-01
PCE Price Index
131.53
Index 2017=100
+0.45%
2026-05-01
Core PCE
130.08
Index 2017=100
+0.32%
2026-05-01
PPI (all commodities)
286.83
Index 1982=100
-1.26%
2026-06-01
Jobs & growth
Unemployment rate
4.20
%
-2.33%
2026-06-01
Nonfarm payrolls
158984.00
Thousands
+0.04%
2026-06-01
Job openings (JOLTS)
7594.00
Thousands
+0.12%
2026-05-01
Avg hourly earnings
32.38
$/hour
+0.22%
2026-06-01
Initial jobless claims
208000.00
Number SA
-3.70%
2026-07-11
Real GDP
24180.42
$bn 2017 chained
+0.52%
2026-01-01
Industrial production
102.64
Index 2017=100
+0.08%
2026-06-01
Housing & consumer
Housing starts
1427.00
Thousands SAAR
+19.02%
2026-06-01
30-yr mortgage rate
6.55
%
+0.92%
2026-07-16
Consumer sentiment (UMich)
44.80
Index 1966=100
-10.04%
2026-05-01
Advance retail sales
768553.00
$mn SA
+0.22%
2026-06-01
Risk & liquidity
VIX (close)
16.73
Index
+6.76%
2026-07-16
M2 money stock
23052.30
$bn, SA
+1.09%
2026-05-01
US dollar index (broad)
120.50
Index 2006=100
-0.21%
2026-07-10
Financial conditions (Chicago Fed)
-0.54
Index (0 = avg)
-2.67%
2026-07-10
Upcoming FOMC meetings
July
Next up
28-29, 2026
September
15-16*, 2026
October
27-28, 2026
December
8-9*, 2026
January
26-27, 2027
March
16-17*, 2027
April
27-28, 2027
June
8-9*, 2027
July
27-28, 2027
September
14-15*, 2027
October
26-27, 2027
December
7-8*, 2027
* meeting includes a Summary of Economic Projections. Past meetings are hidden.
Source: Federal Reserve
· live
Fed speakers & events
No upcoming Fed speaker events found.
Source: Federal Reserve
· temporarily unavailable
34.5
Risk-Off
composite, 0 = risk-off · 100 = risk-on
SPY
743.29
-0.99%
QQQ
695.33
-1.50%
VIX
18.77
+12.19%
HYG
79.65
-0.19%
Members only
The full internals breakdown — component scores and full sector breadth is reserved for paid members.
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Become a memberInputs: VIX, HYG & LQD, 10y–2y spread, sector breadth (SPDR ETFs), growth leadership (QQQ vs SPY) and stocks-vs-bonds (SPY vs TLT). Equal-weighted composite.