U.S. macro backdrop
MACRO BACKDROP · MARKET VIEW
Market view · as of Jul 16, 2026
Fed funds rate
3.63%
2026-06-01 · 3.63% prior
Unemployment
4.2%
2026-06-01 · 4.3% prior
As of June 1, 2026, the U.S. unemployment rate stands at 4.2%. During the same period, the federal funds rate is 3.63%, establishing the current baseline for monetary policy and labor market conditions.
Indicators
| Indicator | Latest | Prior | As of |
|---|---|---|---|
| Fed funds rate | 3.63% | 3.63% | 2026-06-01 |
| Unemployment | 4.2% | 4.3% | 2026-06-01 |