2-Year Treasury Yield: 4.75% — down 0.02% from 2026-10-07
2-Year Treasury Yield: 4.75% | ↓ -0.02% from 2026-10-07
The Federal Reserve Bank of New York reported on October 7, 2026, that inflation expectations for the one- and three-year horizons rose to 3.9% and 3.3% respectively. According to the New York Fed's September 2026 Survey of Expectations, labor market indicators improved, showing lower unemployment expectations and higher job-finding probabilities. In separate research published on October 6, the New York Fed noted that U.S. tariffs imposed in 2025 and 2026 result in a total pass-through of roughly one-quarter of the tariff increase into consumer goods prices after one year. Additionally, the Dallas Fed observed that the average U.S. tariff rate increased from 2.9% in January 2025 to 14.8% by December 2025, marking the largest increase since the 1930 Smoot-Hawley Act, despite continued growth in U.S. imports. Synthesized from 57 manifests produced by 19 monitored official Federal Reserve sources in the last 7 days, including Federal Reserve Board releases, FOMC notices, Fed research notes.
Answer updated Oct 12, 2026 12:00 UTC · rebuilt twice daily from the rolling 168-hour window
2-Year Treasury Yield: 4.75% — down 0.02% from 2026-10-07
2-Year Treasury Yield: 4.75% | ↓ -0.02% from 2026-10-07
Total Deposits at Commercial Banks: 19692.9B USD — up 55.34B USD from 2026-09-23
Total Deposits at Commercial Banks: 19692.9B USD | ↑ +55.34B USD from 2026-09-23
Short- and Medium-Term Inflation Expectations Increase; Labor Market Expectations Improve
The Federal Reserve Bank of New York's September 2026 Survey of Expectations indicates a rise in inflation expectations at the one- and three-year horizons, reaching 3.9% and 3.3% respectively. Despite these inflationary pressures, labor market indicators showed improvement, with lower unemployment and job loss expecta
How Fast Do Tariffs Pass Through into Consumer Prices?
New research indicates that U.S. tariffs imposed in 2025-26 have a significant, delayed impact on consumer retail prices. While import prices respond almost immediately to tariff changes, domestic producer prices adjust over six to twelve months, leading to a total pass-through of roughly one-quarter of the tariff incr
Tariffs increased in 2025; why did U.S. imports grow?
In 2025, the U.S. average tariff rate surged from 2.9% in January to 14.8% by December. This represents the most substantial increase in U.S. tariff rates since the Smoot-Hawley Act of 1930. Despite these higher costs, the data highlights a counterintuitive trend in U.S. import growth that warrants further economic ana