Cycle on Jul 29, 2026

I will start by listing the existing threads for this topic to see what open research questions, watches, or catalysts have been established in previous cycles.

I will search the web for the latest news on the July 29, 2026 FOMC meeting decision, Chairman Kevin Warsh, and interest rates.

The current time is July 29, 2026, 03:55 AM. The FOMC rate decision is scheduled for today, July 29, 2026, at 2:00 PM ET (18:00 UTC). This means the decision has *not yet occurred* (it's 03:55 UTC, so the decision is about 14 hours away). Wait, let's verify if there is any other major news on inflation, retail sales, household pressure, or GDP ahead of the FOMC meeting and tomorrow's Q2 GDP / June PCE data. Let's do a search for the latest US economic indicators, retail sales, saving rate, gas prices, etc., to see if there are other fresh updates. Let's look for gasoline prices or gas price updates. Let's perform a search for gas prices and consumer spending.

Let's fetch `https://www.washingtonpost.com/business/2026/07/28/economy-consumer-confidence-inflation-iran/322aa25e-8a8e-11f1-8912-d71e69d679d7_story.html` (Americans' confidence in US economy falls as Iran conflict sends gas prices higher). This seems to cover several of our key topics: household pressure, cost of living, inflation, and consumer confidence. Let's fetch it first.

The article has some useful data points: - The July Consumer Confidence Index fell to **90.8** in July from **92.2** in June. - This is down from readings well above 100 in late 2024 and early 2025. - Let's search for more details on the Conference Board release of July 2026. Let's do a search for `"consumer confidence" July 2026 "Conference Board" 90.8`. This will help us find more details and quotes from the actual release.

Let's fetch `https://www.prnewswire.com/news-releases/us-consumer-confidence-edged-down-in-july-302836484.html` to get the actual details and quotes from the Conference Board's Consumer Confidence release. This will give us high-quality quotes on what's driving consumer confidence, the labor market differential, and short-term expectations.

This gives us excellent data on July Consumer Confidence. It fell to 90.8 from 92.2 (an upwardly revised June figure). The Present Situation Index fell for the third straight month, falling by 3.6 points to 114.9. The Expectations Index was unchanged at 74.7. One interesting quote: "Consumer confidence moderated slightly in July, continuing a general downward sloping trajectory since late 2021," said Dana M Peterson, Chief Economist, The Conference Board. "The Present Situation Index was less positive for a third consecutive month while the Expectations Index remained in negative territory." Let's also look at the labor market differential: "Perceptions of current employment conditions also declined, with the labor market differential—the share of consumers saying jobs are 'plentiful' minus the share saying jobs are 'hard to get'—dipping by 0.7 ppts to +3.1%. This downshift was driven by fewer consumers reporting that jobs are 'plentiful', while those saying jobs are 'hard to get' dipped slightly over the month." This is a great update to our note `us-consumer-spending-retail-sales-gdp-growth-outlook` (U.S. Gas Prices Peak at $4.11 as Tariffs and Energy Shock Drag Down Consumer Sentiment). Let's see if there are other fresh reports on consumer spending or GDP. Wait, let's look at the FOMC meeting. The FOMC meeting is currently taking place (July 28-29, 2026). Let's search for any details on what is happening at the FOMC meeting or what the market expectations are just before the rate announcement (since it's July 29, 2026, 03:55 AM). Let's search for "Kevin Warsh" or "July 2026 FOMC" to see if there is any other major news. Let's do a search on: `Kevin Warsh Fed OR FOMC "July 2026"` to see if there are any other specific articles. This will help us update the note `fed-policy-pivot-kevin-warsh-rate-hike-chatter` (July FOMC Meeting Highly Live as Hawks Reach "Critical Mass" and Rate Hike Bets Surge). Let's run a search.

Let's fetch `https://www.cnbc.com/2026/07/28/warsh-fed-rate-decision-trump-powell-analysis.html` ("Why Warsh won't raise Fed's interest rates this week"). This is a very high quality article by CNBC explaining why Warsh isn't likely to raise rates this week, the internal FOMC division, and the political pressure from Trump. Let's fetch it.

This is a highly insightful article! Let's pull out some key points: - Rate hike odds are around 30% to 40% (CME FedWatch shows about 30-40% chance of a rate increase at this week's meeting, up from 16% a week ago). - Citadel Securities is actually calling for a surprise rate hike (from our previous search, Citadel Securities expects a surprise rate hike to strengthen Warsh's credibility). - Trump made remarks on Monday, July 27, 2026, saying he wants lower interest rates: "We should have the lowest interest rate in the world, like it used to be 30 years ago." He also praised Warsh but criticized other board members (thinly veiled reference to Jerome Powell): "You need the consent of some people that have perhaps bad intentions." - Warsh has established five task forces due to report in late 2026. A rate hike now would prejudge their work (e.g., whether one-time energy shocks or AI-driven demand are structural inflation or temporary supply-demand shifts). - There is a pending Inspector General (IG) report due this summer regarding renovation cost overruns at the Fed under former Chair Jerome Powell, which could lead to Powell's early resignation from the Board (his term as governor is through January 2028). Let's also look for updates on the "Trump Accounts" or any other policy initiatives. Is there any news on "Trump Accounts" or universal savings? Let's search for `"Trump Accounts"` or `"universal savings"` to see if there are any fresh updates or milestones.

This is a treasure trove of information about Trump Accounts! Let's look at the NYT article: `https://www.nytimes.com/2026/07/26/your-money/trump-accounts-529s-investing.html`. Let's fetch it to see the exact enrollment numbers, details, and how it's progressing. This will resolve or update our watch thread `Trump Accounts Enrollment and Funding Milestones`. Let's fetch it.

Ah, the NYT URL is not fetchable due to restrictions (status_code / success: false). Let's try `https://hayspost.com/posts/1bc2499b-e6d1-430c-b40e-d2d760f08df7` (Millions have signed up for Trump Accounts; some still waiting for baby's $1,000) or `https://www.westernjournal.com/major-ceo-predicts-another-100-billion-heading-toward-trump-accounts/` (Major CEO Predicts Another $100 Billion Is Heading Toward Trump Accounts). Let's fetch the Western Journal or the Hays Post article first. Let's do Hays Post.

This is incredibly useful. Let's check the key statistics and details: - **7 million** American families have already signed up for Trump Accounts (as of late July 2026). - The White House tweeted on July 27, 2026: "7 MILLION American families have already signed up for Trump Accounts...". - The accounts went live on **July 4, 2026**, after the Robinhood app and other platforms made them available. - Babies born between January 1, 2025, and December 31, 2028, receive $1,000 in seed money from the U.S. Treasury. - Treasury says they are seeing roughly 1 million sign-ups per month before launch. - Some parents are experiencing delays in receiving the $1,000 deposit (up to 4 weeks), although Treasury says the vast majority wait only 1 to 2 days. - There are also private matches and corporate commitments (e.g., Michael Dell's donation, Altimeter Capital's Brad Gerstner predicting another $100 billion in private commitments, and companies like Goldman Sachs, Micron, Intel, Fox Corporation, News Corp, etc., matching contributions). Let's find the details of Brad Gerstner's prediction or Michael Dell's contribution to Trump Accounts. Let's search for `"Brad Gerstner" "Trump Accounts"` or `"Michael Dell" "Trump Accounts"`.

This is brilliant. We have all the details we need. Let's see if there are other threads we can resolve or address. Let's look at the threads: 1. `Release of Q2 2026 GDP Advance Estimate` - fire_date is July 30, 2026. Today is July 29, 2026, so this has not fired yet. 2. `US Regular Gasoline Price Crosses $4.50/gallon` - Ongoing watch. Currently, the gasoline price is $4.11 per gallon (from our previous search, AAA regular gas was $4.11 this week, and other sources also mention $4.11). So it has not crossed $4.50/gallon yet. 3. `Implementation of BEA PCE Inflation Methodology Revisions` - fire_date is September 30, 2026. This has not fired yet. 4. `Trump Accounts Enrollment and Funding Milestones` - Ongoing watch. "Track the total enrollment numbers and corporate matching commitments for the newly launched 'Trump Accounts' universal savings initiative." We have a huge update here! - The White House announced on July 27, 2026, that **7 million** American families have signed up for Trump Accounts since they went live on July 4, 2026. - The program is seeing tremendous momentum with corporate commitments and matches: - Michael and Susan Dell committed **$6.25 billion** to provide $250 each to the first 25 million qualifying American children. - Ray Dalio (DalioDotOrg) joined the Dells to match their $250 contribution for approximately 300,000 children in Connecticut. - Brad Gerstner (Altimeter Capital CEO and inventor of Trump Accounts) is donating $250 to all Trump Accounts for children under 5 in Indiana (estimated to be tens of millions of dollars). - Major companies like S&P Global, Fox Corporation, News Corp, Intel, Micron ($250 million), Goldman Sachs, Invesco, Visa, and Novelis have committed to matching their employees' contributions up to $1,000 or $2,500. - Red-state governors (e.g., Sarah Huckabee Sanders of Arkansas, Ron DeSantis of Florida, Greg Abbott of Texas, Brian Kemp of Georgia, Spencer Cox of Utah, etc.) have announced automatic enrollment and funding (e.g., Oklahoma providing $250 state match) for foster youth. Let's record an event for this watch since it has fired a major milestone (over 7 million sign-ups within the first month of launch and massive corporate matching). Wait, let's look at the other threads: - `Release of June PCE Inflation Data` - fire_date is July 30, 2026. Today is July 29, 2026, so this has not fired yet. - `July 2026 FOMC Interest Rate Decision` - fire_date is July 29, 2026. Today is July 29, 2026, but the decision is at 2:00 PM ET (18:00 UTC), which is still about 14 hours away from the current time of 03:55 AM UTC. So it has not fired yet. - `US Personal Saving Ratio falls below 2.0%` - Ongoing watch. Let's see if there is any new personal saving ratio data released this week. The BEA releases personal savings with the personal income and outlays report, which is tomorrow, July 30, 2026, alongside June PCE data. So it has not fired yet. - `Release of Fed Operational Reform Task Force Reports` - fire_date is December 31, 2026. This has not fired yet. - `US CPI Inflation Rate Threshold` - Ongoing watch. Currently, the CPI is around 3.5% (from our previous search, inflation cooled to 3.5% from 4.2% in May, meaning it is exactly at 3.5% or just below). Let's double check if there's any newer CPI data. The last CPI was for June, released in mid-July. The next CPI (July) will be in mid-August. So no new print has crossed yet. Let's record a watch event for `Trump Accounts Enrollment and Funding Milestones`. Wait, let's read the exact parameters for `record_event`: - `thread_id`: `019f306f-ea3a-7e7e-9ce8-6c33e0346b57` - `cycle_id`: (we need to find the cycle_id or leave it as empty if there is no telemetry? The system prompt says "Provide a short summary... Find the watch's thread_id via list_threads. cycle_id is required"). Wait! How do we get the `cycle_id`? Let's check the kickoff message or chat metadata. Ah, the Chat ID is `topic-019e92c8-d823-7a00-b035-1e45c725092a-cycle-8d4a7f7d-fb94-468b-bca1-e3439142145e`. So the cycle_id is `8d4a7f7d-fb94-468b-bca1-e3439142145e`! Let's verify this. Yes, the Chat ID ends with `cycle-8d4a7f7d-fb94-468b-bca1-e3439142145e`. Let's first write our findings. We have three topics that are highly relevant to update: 1. **Federal Reserve July FOMC Meeting Preview**: - Slug: `fed-policy-pivot-kevin-warsh-rate-hike-chatter` (reusing the slug from the relevant prior findings). - Content: Detail the anticipation around today's FOMC meeting (July 29, 2026). Mention the CME FedWatch odds (30-40% chance of a rate hike, up from 16% a week ago). Note the intense debate and division within the FOMC (with 3-4 hawkish members ready to vote for hikes). Discuss Kevin Warsh's communication style (no forward guidance, "inflation is a choice") and his views on supply-side price shocks (energy/AI demand). Mention Citadel Securities calling for a surprise rate hike. Mention Trump's comments on Monday, July 27, calling for lower rates and criticizing other board members ("bad intentions") in a thinly veiled reference to former Chair Jerome Powell, who is currently under investigation by the IG. 2. **Trump Accounts Launch and Milestones**: - Since we don't have a prior finding for this (it's not listed in the retrieved prior findings), we should mint a new slug, e.g., `trump-accounts-universal-savings-launch-milestones`. - Content: Detail the official launch of the accounts on July 4, 2026. Note that 7 million active accounts have been opened by late July 2026. Highlight the massive philanthropic and corporate commitments, specifically Michael and Susan Dell's $6.25 billion pledge, Brad Gerstner's Indiana pledge, and state-level foster youth automatic enrollment. Mention the operational delays some parents are experiencing (up to 4 weeks for the $1,000 seed deposit), and the political debate surrounding the program's funding offsets (cuts to SNAP/Medicaid). 3. **U.S. Consumer Confidence and Gas Prices**: - Slug: `us-consumer-spending-retail-sales-gdp-growth-outlook` (reusing the slug from the retrieved prior findings). - Content: Detail the Conference Board's Consumer Confidence Index falling to 90.8 in July 2026 from 92.2 in June. Explain that the Present Situation Index fell for the third straight month to 114.9, driven by softening perceptions of business and employment conditions (labor market differential fell to +3.1%). Note that gas prices rising to $4.11 per gallon due to U.S.-Iran hostilities have dragged down economic confidence, with only 33% approving of President Trump's economic management in recent surveys. Let's double-check the rules: - "Every substantive finding MUST cite at least one real source you actually consulted THIS cycle — a web page you fetched, an HN story or comment you read, etc." - "Carry 1-2 REPRESENTATIVE VERBATIM QUOTES, copied exactly, each kept with the link it came from" - "No YAML frontmatter — the title is the first `# ` heading and the slug is the slug parameter you pass." - "Slugs are stable identities... Name a slug for the DURABLE SUBJECT it tracks... NEVER write a note that summarizes the cycle, bundles several unrelated subjects... If you drilled five stories, that's up to five separate findings, not one digest." Let's implement these writes. First, let's write the note on the July FOMC meeting preview. We will reuse the slug `fed-policy-pivot-kevin-warsh-rate-hike-chatter`. Let's draft the body for `fed-policy-pivot-kevin-warsh-rate-hike-chatter`: We will use quotes from: - `https://www.cnbc.com/2026/07/28/warsh-fed-rate-decision-trump-powell-analysis.html` ("Why Warsh won't raise Fed's interest rates this week: Analysis") - `https://www.cnbctv18.com/economy/us-fed-meeting-begins-today-will-kevin-warsh-hold-rates-or-surprise-markets-heres-what-to-watch-19955908.htm` ("US Fed meeting begins today: Will Kevin Warsh hold rates or surprise markets? Here's what to watch") Let's call `write_note` for `fed-policy-pivot-kevin-warsh-rate-hike-chatter`. State intent before tool call.I will write the updated finding for the July FOMC meeting preview using the existing slug `fed-policy-pivot-kevin-warsh-rate-hike-chatter` to reflect the latest market odds, internal FOMC divisions, and political tensions on the eve of the July 29, 2026 decision.

Now let's write the second finding on the Trump Accounts launch and milestones. We will mint a new slug: `trump-accounts-universal-savings-launch-milestones`. We will use quotes from: - `https://hayspost.com/posts/1bc2499b-e6d1-430c-b40e-d2d760f08df7` ("Millions have signed up for Trump Accounts; some still waiting for baby's $1,000") - `https://www.businessinsider.com/trump-accounts-donors-michael-dell-brad-gerstner-2026-7` ("The Wealthy People Pledging to Fund Trump Accounts") Let's call `write_note` for `trump-accounts-universal-savings-launch-milestones`. State intent before tool call.I will write a new finding under the slug `trump-accounts-universal-savings-launch-milestones` detailing the official launch of the Trump Accounts on July 4, 2026, the milestone of 7 million active accounts, and the massive corporate and philanthropic matching commitments.

Now let's write the third finding on US consumer confidence and gas prices. We will reuse the slug `us-consumer-spending-retail-sales-gdp-growth-outlook`. We will use quotes from: - `https://www.prnewswire.com/news-releases/us-consumer-confidence-edged-down-in-july-302836484.html` ("US Consumer Confidence Edged Down in July") - `https://www.washingtonpost.com/business/2026/07/28/economy-consumer-confidence-inflation-iran/322aa25e-8a8e-11f1-8912-d71e69d679d7_story.html` ("Americans' confidence in US economy falls as Iran conflict sends gas prices higher") Let's call `write_note` for `us-consumer-spending-retail-sales-gdp-growth-outlook`. State intent before tool call.I will write the updated finding for U.S. consumer confidence and gas prices using the existing slug `us-consumer-spending-retail-sales-gdp-growth-outlook` to capture the July 2026 drop in consumer confidence, the decline in the Present Situation Index, and the impact of rising gas prices.

Now, let's record the event for the watch `Trump Accounts Enrollment and Funding Milestones`. The parameters are: - `thread_id`: `019f306f-ea3a-7e7e-9ce8-6c33e0346b57` - `cycle_id`: `8d4a7f7d-fb94-468b-bca1-e3439142145e` - `summary`: `Trump Accounts surpass 7 million sign-ups within weeks of launch alongside massive corporate matching commitments.` - `resolves`: `false` (since this is an "ongoing" watch, we keep tracking it). - `salience`: `4` (major milestone for a signature policy). - `outcome`: `Over 7 million active accounts with massive corporate and philanthropic pledges (e.g., $6.25 billion from the Dells).` Let's call `record_event`. State intent before tool call.I will record a watch event for the ongoing watch thread `Trump Accounts Enrollment and Funding Milestones` to capture the milestone of 7 million active sign-ups and multi-billion-dollar corporate matching pledges within the first weeks of launch.

Let's check if there are any other watch threads we need to record events for or update. - `US Regular Gasoline Price Crosses $4.50/gallon`: The price is $4.11, so it hasn't crossed $4.50 yet. - `US Personal Saving Ratio falls below 2.0%`: This is ongoing, the June data will be released tomorrow, so we can't record an event yet. - `US CPI Inflation Rate Threshold`: The current CPI is 3.5%, which is equal to the threshold, but is not a new print since the last cycle. So no new event. - `July 2026 FOMC Interest Rate Decision`: It's today, but the decision is at 2:00 PM ET, so it hasn't happened yet. - `Release of Q2 2026 GDP Advance Estimate`: It's tomorrow, July 30. - `Release of June PCE Inflation Data`: It's tomorrow, July 30. So we have successfully written our key notes: 1. `fed-policy-pivot-kevin-warsh-rate-hike-chatter` (reused slug, updated) 2. `trump-accounts-universal-savings-launch-milestones` (new slug, written) 3. `us-consumer-spending-retail-sales-gdp-growth-outlook` (reused slug, updated) Let's double-check the notes we have using `read_notes` just to be absolutely sure everything is in order and we didn't miss any slugs. State intent before tool call.I will list the current set of notes for this topic using `read_notes` to verify that our updates and new writes are properly recorded.

Wait, looking at the list of notes, there is already an existing note on Trump Accounts! - Title: `"Trump Accounts" Launch: A Universal Wealth-Building Policy Experiment` - Slug: `trump-accounts-universal-savings-initiative` - Updated at: `2026-07-09T04:02:55Z` Ah! I missed that in the initially retrieved prior findings (it wasn't in the top 5 retrieved by semantic search, but it was in the full list of notes). But wait! The critical rule says: "Before you write, scan your prior findings (the injected block + `read_notes`) for the slug that already owns this subject and reuse it; if you find yourself coining a near-synonym of an existing slug, stop and reuse the existing one." Since I minted `trump-accounts-universal-savings-launch-milestones` but `trump-accounts-universal-savings-initiative` already exists, I should merge or update `trump-accounts-universal-savings-initiative` and delete or overwrite the duplicate if needed. Wait, can I overwrite `trump-accounts-universal-savings-initiative` with the updated body? Yes! I should reuse `trump-accounts-universal-savings-initiative` to update the existing note in place, as that is the stable, durable slug for this topic. Let's call `write_note` on `trump-accounts-universal-savings-initiative` with the content of our finding, and we can also update `trump-accounts-universal-savings-launch-milestones` to be a redirect or overwrite it. Let's write the note to `trump-accounts-universal-savings-initiative` first. State intent before tool call.I will update the existing durable note on Trump Accounts, `trump-accounts-universal-savings-initiative`, with the latest 7 million sign-up milestone and corporate matching pledges to keep findings consolidated under a single stable slug.

Wait, what should I do with the duplicate slug `trump-accounts-universal-savings-launch-milestones` that I just created? I should overwrite it with a redirect or a short note pointing to the primary note `[[trump-accounts-universal-savings-initiative]]`, to keep the findings clean and avoid cluttering the database with duplicate notes. Let's do that. Let's call `write_note` on `trump-accounts-universal-savings-launch-milestones`. State intent before tool call.I will overwrite the temporary duplicate note `trump-accounts-universal-savings-launch-milestones` with a pointer/redirect to the primary note `[[trump-accounts-universal-savings-initiative]]` to maintain a clean database and prevent near-synonym duplicates.

Excellent. Now we have: 1. Updated `fed-policy-pivot-kevin-warsh-rate-hike-chatter` (July FOMC Preview) 2. Updated `trump-accounts-universal-savings-initiative` (Trump Accounts launch, 7M milestones, corporate match) 3. Updated `us-consumer-spending-retail-sales-gdp-growth-outlook` (U.S. Consumer Confidence drop to 90.8, gas prices at $4.11) 4. Handled the temporary duplicate `trump-accounts-universal-savings-launch-milestones` by redirecting it to `trump-accounts-universal-savings-initiative`. Let's double-check if there are any other actions required. No other watches can be resolved or triggered yet since we are on July 29, 2026, 03:55 AM, and the upcoming key releases (FOMC statement at 2 PM ET today, June PCE data and Q2 GDP tomorrow, July 30) will happen later or tomorrow. Let's call `finish_cycle` to complete this research cycle. State intent before tool call.I will now call `finish_cycle` to complete this research cycle, as all findings have been written and the watch event has been recorded.

I have successfully completed the research cycle for this topic. Here is a summary of the findings and updates made: 1. **July 2026 FOMC Rate Decision Preview (`[[fed-policy-pivot-kevin-warsh-rate-hike-chatter]]`)**: - Updated the note to reflect the high-stakes environment ahead of the July 29, 2026 decision. - CME FedWatch odds have surged to **30%–40%** for a surprise rate hike (up from 16% a week ago). - Although economists expect a "hawkish hold" at 3.50%–3.75%, Citadel Securities has called for a surprise hike to establish Chairman Kevin Warsh's anti-inflation credibility. - On July 27, President Trump publicly pressured the Fed to lower rates and criticized members with "bad intentions" (a thinly veiled reference to Jerome Powell, who faces a looming IG report on renovation cost overruns). - Warsh has indicated he views supply-side price shocks (such as energy spikes from the U.S.-Iran conflict and AI chip demand) as temporary rather than structural inflation, giving him cover to hold rates steady to avoid prejudging his five operational reform task forces. 2. **Trump Accounts Launch and Milestones (`[[trump-accounts-universal-savings-initiative]]`)**: - Consolidated the latest findings under this durable slug. - The program officially launched on **July 4, 2026**, and has already surpassed **7 million active accounts** by late July, making it one of the fastest-adopted government savings tools in history. - Highlighted massive philanthropic and corporate matching. Michael and Susan Dell committed **$6.25 billion** ($250 per child for 25 million children), Ray Dalio matched in Connecticut, and Brad Gerstner matched in Indiana. Major firms like S&P Global, Intel, Micron, Goldman Sachs, and Visa have launched employee matching programs of up to $1,000 or $2,500. Red-state governors have automatically enrolled and funded accounts for foster youth. - Documented operational hurdles (some parents waiting up to 4 weeks for the $1,000 seed deposit) and policy critiques regarding the multi-billion-dollar cost being offset by cuts to Medicaid and SNAP. 3. **U.S. Consumer Confidence and Gas Prices (`[[us-consumer-spending-retail-sales-gdp-growth-outlook]]`)**: - Updated the note with the latest July 2026 data. - The Conference Board's **Consumer Confidence Index fell to 90.8** in July (down from 92.2 in June), missing the 92.4 forecast. - The **Present Situation Index declined for the third straight month to 114.9**, driven by worsening business appraisals and a softening labor market (the labor market differential dipped to **+3.1%**). - The **Expectations Index remained stuck at 74.7** (below the critical 80-point recession threshold). - High cost-of-living pressures, including national gas prices peaking at **$4.11 per gallon** due to renewed U.S.-Iran hostilities, have severely eroded public sentiment, with only 33% approving of President Trump's economic management. 4. **Watch Thread Event Recorded**: - Recorded a major milestone event on the ongoing watch **Trump Accounts Enrollment and Funding Milestones** (`019f306f-ea3a-7e7e-9ce8-6c33e0346b57`) to track the 7 million sign-up mark and billions in corporate matching pledges.