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The yield on the 10-year U.S. Treasury note moved above 5% this morning, reaching its highest intraday level since 2007. The move extends a climb that has lifted the benchmark roughly a full percentage point from its February low. For context, the 10-year yield began 2026 at about 4.15% and

Congressional control hangs on a handful of seats this November. Republicans hold the House 219 to 214, meaning Democrats need a net gain of just three seats to retake the majority. The Senate math is tighter still: Republicans hold a 53 to 47 edge, with 13 Democratic and 22 Republican

If you have read a headline this year about Social Security “running out of money,” it is worth pausing on what that phrase does and does not mean. The program is not disappearing. But the trust funds that supplement it are on a timeline, and understanding that timeline changes how

What Happened The Fed raised rates a quarter point this week, its first increase since July 2023. The vote was unanimous. The funds rate now sits at 3.75% to 4.00%. Chair Warsh framed it as removing accommodation, undoing part of the 2024 and 2025 rate cuts rather than a true

National economic data often describes the country as a single unit. Gross domestic product rises or falls. Inflation accelerates or slows. Yet those averages can conceal very different experiences underneath. Economists call this pattern a K-shaped economy: one group of households, workers, or businesses moves upward while another moves downward

The August Consumer Price Index (CPI) report showed that inflation remains an important concern for the U.S. economy. Consumer prices increased 0.4% during the month and 3.4% from a year ago, keeping inflation well above the Federal Reserve’s 2% target. While the headline reading was in line with expectations, the

The latest Producer Price Index (PPI) report showed a pickup in producer prices in August, with final demand prices increasing 0.4% following a 0.1% increase in July. Final demand goods prices rose 1.1%, while final demand services increased a more modest 0.1%. While the headline increase was notable, the details

The NFIB Small Business Optimism Index slipped to 98.7 in August, down 1.1 points from July’s 99.8, which had been the highest reading since August 2025. The index remains above its 52-year average of 98.0, but the pullback erased most of July’s hiring driven gain. The NFIB Uncertainty Index fell

The 21st Century ROAD to Housing Act became law on July 11, 2026, the first comprehensive federal housing package in roughly three decades. The Senate passed it 85 to 5 on June 22 and the House cleared it the following day, 358 to 32. It reached the statute books without