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The Thirty-Year Hit 5.63%, Its Highest Since 2002, on a Day Inflation Came In Cool
The thirty-year Treasury yield reached 5.63% on September 30, the highest level since June 2002 and the seventh consecutive session of increases,
Daniel Whitmore
The Fiscal Year Starts Today on a Stopgap That Runs Out December 11
Federal fiscal year 2027 begins today, and it begins the way the last several have: on a continuing resolution rather than on a budget.
Daniel Whitmore
Gas Storage Is Five Percent Above Normal and the Official Forecast Calls for Cheaper Gas in 2027
The Energy Information Administration expects United States natural gas inventories to reach 3,969 billion cubic feet on October 31, the end of the
Daniel Whitmore
Social Security's 2027 Raise Is Being Measured Right Now, in a Basket That Is Not Yours
The cost of living adjustment for Social Security benefits in 2027 is being calculated this month, and estimates have converged on something close to
Daniel Whitmore
Earnings Are Up Twenty Nine Percent and the Market Has Barely Moved
S&P 500 companies are expected to report third quarter earnings growth near 28.9% against the same quarter last year. That would
Daniel Whitmore
High Yield Pays 266 Basis Points Over Treasuries, Which Is the Thinnest Cushion in Years
The option adjusted spread on the ICE BofA US High Yield index closed at 266 basis points on September 21. That is the extra
Daniel Whitmore
The Dollar Cleared 100, and That Quietly Reprices Every Foreign Holding You Own
The dollar index traded above 100 on September 17, its first break of that level in weeks, after the Federal Reserve raised rates to
Daniel Whitmore
The Fed Raised Rates for the First Time Since 2023, and the Dot Plot Is the Real News
On September 16 the Federal Open Market Committee raised the federal funds target range by a quarter point to 3.75% to 4%, its
Daniel Whitmore
Households Got $12.8 Trillion Richer in One Quarter, and That Is Mostly One Asset
The Federal Reserve's quarterly financial accounts, published on September 11, put total household and nonprofit net worth at roughly $183 trillion as
Daniel Whitmore
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