Daily Briefing — June 26, 2026
Today’s Briefing
The Job Market Is the Missing Piece in This Recovery Story
The market is mostly calm this morning, but one big piece of the economic picture has barely gotten any airtime lately: workers. Thursday, June 25, 2026 brings the weekly jobless claims report, and in a cycle where the Fed is holding rates steady at
Fed Holds at 3.75%: The Pause That Isn’t Passive
10Y-2Y Spread: 0.34% (normal, modestly upward sloping)
The Fed Is Holding. The Real Question Is How Long.
The federal funds rate lower bound has sat at 3.5% every single day so far in June 2026. No cut. No hike. Just a steady hold, and in monetary policy, steady can say just as much as a move.
PCE Price Index: Latest Release
The Fed’s Inflation Gauge Is Stuck Above 3%. That’s the Whole Story.
The Fed’s Inflation Problem Just Got Smaller. Here’s What the Market Already Knew.
According to CNBC, the Fed’s preferred inflation gauge, the Personal Consumption Expenditures price index, showed core inflation running at 3.
Mortgage Rates Are Stuck. That Might Actually Be the Good News.
The 30-year fixed mortgage rate edged up to 6.49% this week, a tiny move of just 0.02 percentage points from last week’s 6.47%. The real story isn’t the tick higher. It’s how little rates have moved i
Economic Wire: Chicago Fed President Goolsbee says inflation is too high, c
According to CNBC, Chicago Fed President Austan Goolsbee stated plainly in a live interview that inflation is still too high, while declining to offer any guidance on where interest rates are headed…
ON1010 provides economic education for investors. Nothing in this email constitutes investment advice. Always consult a qualified financial advisor before making investment decisions.
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