U.S. macro backdrop
MACRO BACKDROP · MARKET VIEW
Market view · as of Sep 7, 2026
Fed funds rate
3.63%
2026-08-01 · 3.63% prior
10-yr Treasury
4.77%
2026-09-03 · 4.79% prior
Unemployment
4.1%
2026-08-01 · 4.1% prior
CPI (index)
332.813
2026-07-01 · 332.568 prior
The 10-year Treasury yield stands at 4.77% as of September 3, outpacing the Fed funds rate of 3.63% recorded in August. Against this interest rate backdrop, the U.S. unemployment rate was 4.1% in August, while the CPI index concluded July at 332.813.
Indicators
| Indicator | Latest | Prior | As of |
|---|---|---|---|
| Fed funds rate | 3.63% | 3.63% | 2026-08-01 |
| 10-yr Treasury | 4.77% | 4.79% | 2026-09-03 |
| Unemployment | 4.1% | 4.1% | 2026-08-01 |
| CPI (index) | 332.813 | 332.568 | 2026-07-01 |