BTC $81,988.40 +1.13%ETH $2,403.23 +1.53%SOL $104.44 +2.34%S&P 500 7,703.65 +0.58%Nasdaq 100 29,617.90 +1.47%Gold $4,160.90 −0.48%Brent $109.32 −0.49%EUR/USD 1.1213 −0.28%DXY 101.98 +0.14%US10Y 5.15% +0.98%NVDA $218.03 +1.82%TSLA $368.74 +3.95%
FREEKONOMIST
RU
Macro

Inflation.

How fast US prices are rising and what the Fed does about it.

InflationThe Fed and ratesLiquidityYieldsJobsGrowth
CPI inflation, y/y
3.72%

September 2026 · prev 3.35%

Consumer price growth over a year. The Fed targets about 2%. Above target means rates stay high for longer, which weighs on crypto and stocks.

9.45%7.26%5.08%2.90%0.71%Nov 1Sep 1

FRED · CPIAUCSL · original source BLS

Core CPI, y/y
2.57%

September 2026 · prev 2.45%

CPI without food and energy. Shows the sticky part of inflation, which the Fed watches more closely.

6.94%5.45%3.95%2.45%0.96%Nov 1Sep 1

FRED · CPILFESL · original source BLS

CPI, m/m
0.65%

September 2026 · prev 0.40%

How prices changed over the last month. The quickest read on an inflation turn.

1.36%0.89%0.42%-0.05%-0.52%Nov 1Sep 1

FRED · CPIAUCSL · original source BLS

PCE inflation
3.42%

August 2026 · prev 3.36%

The Fed's preferred inflation gauge: prices of all consumer spending.

7.58%5.89%4.21%2.52%0.83%Nov 1Aug 1

FRED · PCEPI · original source BEA

Core PCE
3.01%

August 2026 · prev 2.98%

PCE without food and energy. The Fed measures its 2% target against it.

5.89%4.72%3.55%2.37%1.20%Nov 1Aug 1

FRED · PCEPILFE · original source BEA

10-year breakeven inflation
2.35%

Oct 16 · prev 2.32%

The average 10-year inflation the bond market prices in.

2.51%2.42%2.34%2.25%2.16%Oct 25Oct 16

FRED · T10YIE · original source FRB St. Louis

Morning brief

The market in 2 minutes, every morning

What happened overnight, what it means and what to watch today. Plain words, explained, and about your assets. One-click unsubscribe.