The national debt closed June at a record $39.46 trillion after a $117 billion one-day jump, putting the $40 trillion mark within reach as soon as this fall.

The U.S. added just 57,000 jobs in June as unemployment held at 4.2%. Revisions erased 74,000 from spring payrolls, cooling talk of a 2026 Fed rate hike ahead of the July FOMC.

ADP said private employers added just 98,000 jobs in June, below the 110,000 consensus and down from 122,000 in May, sharpening the Fed's July 28 to 29 rate decision.

Fed Chair Kevin Warsh made his first major international appearance at the ECB's Sintra forum, keeping the U.S. prime rate at 6.75% with a hawkish inflation message.

The U.S. prime rate is 6.75 percent in 2026, the same as in 1971. Here is how it peaked at 21.5 percent in 1980, fell to 3.25 percent twice, and what it means for your loans.

The Federal Reserve's balance sheet held near $6.74 trillion on June 24, 2026, after quantitative tightening ended in December. Here is what it means for your rates.

The Fed's preferred inflation gauge rose in May, with headline PCE at 4.1% and core at 3.4%, the highest in years, reinforcing a hawkish hold and a steady 6.75% prime rate.

Long-run inflation expectations fell to 3.3% in June while year-ahead expectations eased to 4.6%, a modest relief for the Fed's hawkish hold at 6.75% prime.

Treasury sold $44 billion of seven-year notes June 25 at a 4.260% high yield and 2.50 bid-to-cover, with indirect demand cooling to 57.6% as domestic direct bidders stepped in.

The U.S. yield curve turned positive again in June 2026 after the long 2022 to 2024 inversion. Here is what an inversion signals and where the curve stands now.