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Macro · Official Data

The forces behind the tape.

Inflation, interest rates, central bank policy, growth, and employment — the macro backdrop that ultimately drives everything else on this site.

U.S. macro data updates automatically from official public releases.

Prices

Inflation

Headline CPI (YoY)3.7%▲ +0.2pt vs prior
Core CPI (YoY)2.8%▲ +0.1pt vs prior
PCE (YoY)—BEA feed not connected yet

Policy

Interest Rates & Central Banks

Fed Funds Rate3.75%Target range 3.50–3.75%
ECB Deposit Rate—Official ECB feed not connected yet
BoJ Policy Rate—Official BoJ feed not connected yet

Growth & Labor

Employment

Unemployment Rate4.1%Unchanged
Nonfarm Payrolls+162KPrior +21K
GDP Growth—BEA feed not connected yet

Fixed Income

Treasury Yield Curve

1M3M6M1Y2Y5Y10Y30Y

U.S. Treasury daily par yield curve · Sep 11, 2026 · not investment advice.

The business cycle isn't dead. It's just moving on a longer and messier clock than the models assume.

Macro moves markets. Understand it first.

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