Inflation PPI Explained: The Producer Price Index and What It Signals The producer price index measures prices at the factory gate, an early warning for cost storms and a margin story... August 21, 2026
Global Economic Insights Euro Area Growth: A Year Under One Percent Euro area growth was 0.94 percent over the year to mid-2026, with a record-low unemployment rate: the ceiling, not demand,... August 21, 2026
Inflation What Is the CPI Basket? How Statisticians Decide What to Measure The CPI basket is the surveyed list of goods and services behind every inflation headline, a portrait of an average... August 21, 2026
Central Banking Open Market Operations Explained: How Central Banks Move Rates Open market operations are the textbook lever for moving rates, and since 2008 the largest central banks steer by administered... August 20, 2026
Global Economic Insights Japan Bond Yields: 2.67 Percent After Two Decades Near Zero Japan bond yields hit 2.67 percent, mid-1990s levels, after the zero era ended: the largest and least covered regime change... August 20, 2026
Central Banking What Is the Federal Funds Rate? The Most Important Interest Rate The federal funds rate, 3.63 percent in July 2026, is an overnight interbank rate chosen as the handle on every... August 20, 2026
Inflation Base Effects in Inflation Data: Why the Comparison Month Matters Base effects inflation moves happen when the comparison month changes, not prices: the most predictable event in statistics, misread every... August 19, 2026
Global Economic Insights Euro Area Inflation Nearly Doubled in Four Months Euro area inflation went from 1.64 percent in January 2026 to 3.14 in May, one dated oil shock, no demand... August 19, 2026
Inflation Breakeven Inflation Rate: What TIPS Tell Us About Expectations The breakeven inflation rate, the gap between Treasury and TIPS yields, is 2.25 percent: the market betting today's 3.46 inflation... August 19, 2026
Macroeconomic Trends and Analysis What Is Aggregate Supply? The Production Side of the Economy What is aggregate supply: the total output firms will produce at a given price level, flexible while costs are sticky,... August 18, 2026