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Fed Governor Christopher Waller said 16 of 18 officials who filed September projections expect another 2026 rate increase, and that the hikes need not come at back to back meetings.
Total public debt outstanding reached $40,305,316,210,829.72 on October 8, 2026, the first reading ever above $40.3 trillion and up $133.49 billion in six business days.
Treasury’s blended rate on all interest bearing federal debt reached 3.531% on September 30, the highest since April 2009, while new 30-year bonds cleared 5.618%.
Minutes of the September FOMC meeting show a unanimous 12 to 0 vote to raise rates and most officials expecting one more increase before the end of 2026.
The federal debt grew $2.46 trillion in fiscal 2026 and closed at $40.097 trillion, the first fiscal year to end above $40 trillion. Here is what it costs.
Core PCE inflation held at 3.0% in August while consumer spending jumped 0.9% and the saving rate fell to 4.1%, leaving the Fed a split signal before the October FOMC meeting.
Whether you’re just starting out with no credit, bad credit, rebuilding credit, have fair credit, or looking for the card that earns better rewards, finding the right card can be a challenge. We’ve partnered with leading card issuers to make it easy to compare credit card rates and benefits all in one place such as Visa and Mastercard. And we do our best to keep our information accurate and up to date.
Comparing rates and fees on loans and credit cards can be frustrating. How can you be sure you’ll get the rate, payments, or terms are shown? PrimeRates is changing that. We’ll help you prequalify with our lender partners, ensuring that the rates you see are the rates you’re more likely to get.