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Macro context

The official numbers behind the chain.

Public macro releases used as context: BLS labor and price observations, Treasury daily debt, and Federal Reserve H.15 rates where parsed. Each panel states its source and latest observation.

Context, not a forecast.

These are descriptive public statistics. They are not investment advice, price data, or a recommendation. The Federal Reserve H.15 rates are parsed from the full-release ZIP for three selected series.

BLS

Labor and prices.

Source: U.S. Bureau of Labor Statistics. Latest observation is shown with each series.

Total nonfarm payrolls

thousands of persons · latest 2025-M12 · 158,432

Source: U.S. Bureau of Labor Statistics.

CPI-U, all items

index · latest 2025-M12 · 324

Source: U.S. Bureau of Labor Statistics.

PPI, final demand

index · latest 2025-M12 · 151

Source: U.S. Bureau of Labor Statistics.

Treasury

Total public debt outstanding.

Source: U.S. Treasury Fiscal Data, debt to the penny. Values in trillions of dollars.

Total public debt outstanding

latest 2026-10-20 · $40.44T

Source: U.S. Treasury Fiscal Data.

Federal Reserve

Policy and Treasury rates.

Source: Federal Reserve Board H.15. Percent per year. Each series shows its latest observation.

Federal funds effective rate

latest 2026-10-20 · 3.88%

Source: Federal Reserve Board H.15.

2-year Treasury constant maturity

latest 2026-10-20 · 4.79%

Source: Federal Reserve Board H.15.

10-year Treasury constant maturity

latest 2026-10-20 · 5.12%

Source: Federal Reserve Board H.15.