News and Advice | PrimeRates

Budget, Personal Loans

Federal Debt Grew $421.8 Billion in October, the Most Since July 2025

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Federal debt rose $421.8 billion in October 2026 to $40.593 trillion, the largest monthly increase since July 2025. Here is what it means for prime and mortgage rates.

Laura Adams
November 1, 2026

Budget, Credit Cards

Core PCE Rises to 3.1% in September, Under the Fed’s 3.4% Projection

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Core PCE inflation rose to 3.1% over the 12 months through September 2026, the BEA reported October 29, one day after the Fed held the prime rate at 7.00% on a 10 to 2 vote.

Shelly Warding
October 31, 2026

Budget, Personal Loans

Overnight Repo Rate Tops the Fed’s Floor as Bank Reserves Drain $69 Billion

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Bank reserves fell $68.8 billion to $2.894 trillion in the week ended October 28, the lowest since December 2025, as SOFR closed above the Fed's 3.90% floor for a fourth straight session.

Mitch Strohm
October 30, 2026

Budget, Personal Loans

Fed Holds Prime Rate at 7.00% as Cook and Hammack Dissent for a Hike

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The Federal Open Market Committee held its target range at 3.75% to 4.00% on October 28, 2026, keeping the prime rate at 7.00%. Cook and Hammack dissented for a quarter point hike.

Laura Adams
October 29, 2026

Budget, Personal Loans

Federal Debt Crosses $40.5 Trillion After a $65 Billion One Day Jump

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Treasury's Debt to the Penny series recorded $40,528,358,939,415.85 on October 26, 2026, the first reading above $40.5 trillion, after a $65.21 billion one day rise.

Shelly Warding
October 28, 2026

Budget, Personal Loans

Direct Bidders Take a Record 41% of Treasury’s $69 Billion 2-Year Note

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Direct bidders took 41.32% of Treasury's $69 billion 2-year note auction on October 26, a four-year record for the maturity, as indirect bidders fell to 45.68%.

Mitch Strohm
October 27, 2026

Budget, Personal Loans

94 of 100 Economists Expect Prime Rate to Hold at 7.00% on October 28

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The Fed opens a two-day meeting Tuesday. 94 of 100 economists surveyed by Reuters expect a hold at 3.75% to 4.00%, keeping the prime rate at 7.00% into December.

Laura Adams
October 26, 2026

Budget, Personal Loans

Treasury Sells $213 Billion in Notes as the Fed Decides on Oct. 28

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Treasury will auction $213 billion of 2-year, 5-year, 7-year and floating rate notes across the four days surrounding the Fed's October 28 decision, all settling November 2.

Shelly Warding
October 25, 2026

Budget, Personal Loans

Treasury Sells $26 Billion in 5-Year TIPS at 2.367%, a Three-Year High

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Treasury sold $26 billion of five-year TIPS on October 22 at a 2.367% high real yield, the highest for the maturity since October 2023, on a 2.41 bid-to-cover.

Mitch Strohm
October 24, 2026

Budget, Personal Loans

10-Year Treasury Yield Drops 17 Basis Points to 4.96%, Most Since August 2024

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The 10-year Treasury yield fell 17 basis points to 4.96% on October 22, its largest one-day drop since August 2024 and its first close below 5% in a month.

Laura Adams
October 23, 2026