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Can a 5.21 percent 10-Year Treasury Yield, the Highest Since 2007, Keep Climbing Before the October 28 Fed Decision?

Federal Reserve data trace a fast climb. The 10-year yield sat at 4.96 percent on September 21 and 22, jumped to 5.11 percent on September 23, reached 5.18 percent on September 24 and closed at 5.17 percent on September 25, before trading near 5.21 …

Vinay Lochav | 29 September 2026

Is 5.5 percent the Next Stop for the 30-Year Treasury After a Global Bond Rout Sent Long Yields to 2004 Levels?

Federal Reserve data show the 30-year yield at 5.34 percent on September 18, 5.29 percent on September 22, 5.40 percent on September 23 and 5.47 percent on September 24. At about 5.48 percent on September 28, the long bond stood roughly 27 basis points …

Vinay Lochav | 29 September 2026

Is 27.4 Percent Gasoline Inflation About to Push the Fed Into a Second Straight Hike?

The August report, released September 11, was loud for a simple reason. Energy prices rose 2.1 percent on the month and 16.3 percent over the year, while gasoline climbed 3.9 percent and is up 27.4 percent from August 2025. That pressure has not eased …

Vinay Lochav | 29 September 2026

Could a 0.3 Percent Core PCE Print on September 30 Seal a Second Fed Hike?

In July, headline PCE prices rose 0.2 percent on the month and core PCE also rose 0.2 percent, leaving both annual rates well above the Fed's 2 percent target. Household finances looked stretched beneath the surface: personal income rose 0.4 percent, or USD 115.1 …

Vinay Lochav | 29 September 2026

Is 4.6 Percent Expected Inflation the Real Danger Behind Sentiment's Slide to 48.1?

The final September reading confirmed a sharp slide in household mood, though it came in slightly above the preliminary 47.8. Survey director Joanne Hsu said sentiment is down 15 percent from January 2026, with views of personal finances weakening about 10 percent on persistent …

Vinay Lochav | 29 September 2026

Do 12 of 18 Fed Dots Signal Rates Holding Above 4 Percent Through 2027?

With the target range at 3.75 percent to 4.00 percent after the September 16 hike, the 2026 median of 4.1 percent implies one more quarter point increase before year end. The bigger shift is further out. The 2027 median rose 50 basis points, meaning …

Vinay Lochav | 29 September 2026

Is the Fed's First Hike Since July 2023, Passed 12-0, the Opening Shot of a New Tightening Cycle?

The September 16 decision marked a clean break in the policy cycle. The FOMC reversed direction for the first time since July 2023, and not a single voter dissented. The statement declared that the Committee will deliver price stability, noted that inflation remains elevated, …

Vinay Lochav | 29 September 2026

Is a 58.4 PMI, the Hottest Since July 2021, Too Much Growth for a Hiking Fed?

The September flash survey marks a clear break from tepid growth earlier in the year. The composite rose 2.4 points to 58.4, withManufacturingup 3.6 points to 56.7 and services, the larger share of activity, at 58.7. Firms added staff at the fastest pace since …

Vinay Lochav | 29 September 2026

Starship Reaches Orbit for the First Time as Yields Ease Off Multiyear Highs and OpenAI Cancels Its GPT-6.1 Astra Release: 7 Reads Before Tuesday's Bell

1. IRAN/OIL: Trump Denies a Sanctions-for-Nuclear Report as Qatar Mediates Separate US-Iran Tracks and Oil Holds Near $105

Nitish Kishor | 29 September 2026

US Sector Momentum Update: Technology Remains Leading While Health Care and Industrials Improve

The latest Relative Rotation Graph for 28 September 2026 shows a concentrated momentum structure across US sectors. Technology is the only sector positioned in Leading, while Industrials and Health Care occupy Improving. Communication Services is positioned in Weakening, while Energy has now moved into …

Quyen Bien Nhan Luong | 29 September 2026
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