U.S. macro backdrop
MACRO BACKDROP · MARKET VIEW
Market view · as of Aug 28, 2026
Fed funds rate
3.6300000000%
2026-07-01 · 3.63% prior
10-yr Treasury
4.66%
2026-08-26 · 4.64% prior
Unemployment
4.1%
2026-07-01 · 4.2% prior
CPI (index)
332.813
2026-07-01 · 332.568 prior
The 10-year Treasury yield rose to 4.66% as of August 26, 2026, widening the spread over the July 1, 2026 Fed funds rate of 3.63%. As of that July date, the U.S. unemployment rate was 4.1% and the CPI index stood at 332.813.
Indicators
| Indicator | Latest | Prior | As of |
|---|---|---|---|
| Fed funds rate | 3.6300000000% | 3.63% | 2026-07-01 |
| 10-yr Treasury | 4.66% | 4.64% | 2026-08-26 |
| Unemployment | 4.1% | 4.2% | 2026-07-01 |
| CPI (index) | 332.813 | 332.568 | 2026-07-01 |