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us economy — 36 pages

Reference How to Read Census Business Formation Statistics — Business Applications, High-Propensity Filings and Projected Formations Census Business Formation Statistics: 534,947 business applications in September 2026 (seasonally adjusted estimate), and 29,022 employer businesses projected to form from them within four quarters. Economy · Oct 26 Reference How to Read the Monthly Treasury Statement — Receipts, Outlays, the Federal Deficit and How It Is Financed How to read the Monthly Treasury Statement: fiscal year 2026 closed with a $1.992 trillion deficit, receipts of $5.4 trillion and outlays of $7.4 trillion. Economy · Oct 26 Reference How to Read the Monthly U.S. Trade in Goods and Services Release — BOP vs Census Basis, Goods vs Services, Gold The monthly U.S. trade release: the goods and services deficit was $105.6 billion in August 2026, up $12.7 billion, with a $136.6 billion goods deficit and $31.0 billion services surplus. Economy · Oct 25 Reference How to Read BEA Outdoor Recreation Statistics — Value Added, Activities, Industries and States BEA's outdoor recreation statistics: value added was $696.7 billion, 2.4% of U.S. GDP, in 2024; real growth was 2.7% against 2.8% for the whole economy. 2025 data scheduled for November 18, 2026. Economy · Oct 25 Reference How to Read BEA Statistics on U.S. Affiliates of Foreign Multinationals — Jobs, Value Added, Capital Spending and R&D BEA data on foreign-owned firms in the U.S.: majority-owned affiliates employed 8.57 million workers (6.1% of private jobs) and produced $1.52 trillion of value added in 2024. Economy · Oct 25 Reference How to Read the Fed's H.10 Exchange Rates — Noon Buying Rates, Quotation Conventions and the Broad Dollar Index The Fed's H.10: the broad dollar index was 121.4048 on October 16, 2026 (January 2006 = 100), 0.1645 below the previous day (calculated); one dollar was quoted at 158.0000 yen. Economy · Oct 25 Reference How to Read the Fed's Household Debt Service Ratio — Mortgage and Consumer Payments as a Share of Income The Fed's household debt service ratio: required debt payments were 11.11% of disposable income in 2026:Q2 (mortgage 5.83%, consumer 5.28%), seasonally adjusted. Economy · Oct 25 Reference How to Read the Fed's Commercial Paper Release — Outstanding Amounts, Rates and Issuer Types The Fed's commercial paper release: seasonally adjusted outstanding $1,435.7 billion at end-September 2026, up $27.1 billion from August (calculated); 30-day AA nonfinancial rate 3.95% on October 22. Economy · Oct 25 Reference How to Read the Fed's Bank Charge-Off and Delinquency Rates — Flows, Stocks and Loan Categories Fed bank loan data, 2026:Q2: seasonally adjusted charge-off rate 0.55% and delinquency rate 1.42% on total loans; credit cards 3.82% and 2.85%, highest of categories shown (this page's comparison). Economy · Oct 25 Reference How to Read the Fed's G.20 Finance Companies Release — Consumer, Real Estate and Business Receivables The Fed's G.20: finance company receivables were $1,960.0 billion in July 2026 (preliminary); from June to July, seasonally adjusted business receivables rose while consumer and real estate fell. Economy · Oct 25 Reference How to Read the Fed's H.15 Selected Interest Rates — Fed Funds, Treasury Yields and Quoting Bases The Fed's H.15 daily rates: on October 22, 2026 the effective federal funds rate was 3.88% and the 10-year Treasury yield 4.96%, down 0.17 percentage points in a day (calculated). Economy · Oct 25 Reference How to Read the Fed's H.6 Money Stock Release — M1, M2, the Monetary Base and Method Changes Fed H.6: seasonally adjusted M2 was $23,342.8 billion in August 2026, about 5.7% above a year earlier (calculated); reserve balances fell from $3,051.5 billion in July to $2,936.0 billion. Economy · Oct 25 Reference How to Read the Fed's Senior Loan Officer Survey (SLOOS) — Net Percentages, Standards and Demand The Fed's SLOOS in net percentages: July 2026 survey shows unchanged C&I standards (net 0.0), stronger C&I demand (16.1), easier standards for some CRE loan types, tighter credit card standards (6.7). Economy · Oct 24 Reference How to Read Treasury TIC Data — Foreign Holders of U.S. Treasuries, Flows and Custodial Bias Treasury estimated foreign holdings of U.S. Treasuries at $9,331.7 billion at end-August 2026, with Japan and the U.K. the largest recorded country entries. Next release November 18, 2026. Economy · Oct 24 Reference How to Read BEA New Foreign Direct Investment — Acquisitions, Greenfield and Planned Spending BEA's new FDI data: foreign investors spent $232.2 billion to acquire, establish or expand U.S. businesses in 2025, mostly acquisitions; first-year plus planned future spending was $284.5 billion. Economy · Oct 24 Reference How to Read the Fed's Financial Accounts (Z.1) — Household Net Worth, Holding Gains and Debt Households and nonprofits' net worth rose $12.8 trillion to $195.9 trillion in 2026:Q2; its ratio to disposable personal income reached a record 8.28. Household debt grew at a 5.0% annual rate (SAAR). Economy · Oct 24 Reference How to Read BEA Regional Price Parities and Real Income by State — Price Levels, Real PCE, Implicit Deflators BEA's state price levels and real income: 2024 RPPs ran from 86.9 (Arkansas) to 110.7 (California); real PCE and real personal income each rose 2.9%. Next release December 10, 2026. Economy · Oct 24 Reference How to Read BEA Direct Investment Statistics — Positions, Income, Foreign Parent vs Ultimate Owner BEA's annual direct investment data, at historical cost: U.S. position abroad $7.14 trillion and foreign position in the U.S. $5.86 trillion at end-2025. Next release July 2027. Economy · Oct 24 Reference How to Read the U.S. Current Account — BEA's International Transactions, Financial Account and Investment Position BEA's quarterly international accounts: Q2 2026 current-account deficit $246.0 billion (3.0% of GDP), up $33.4 billion; net investment position -$22.42 trillion. Next release Dec. 18, 8:30 a.m. EST. Economy · Oct 24 Reference How to Read the FDIC Quarterly Banking Profile — Bank Earnings, Margins, Asset Quality and the Deposit Insurance Fund FDIC report on FDIC-insured commercial banks and savings institutions. Q2 2026: net income $90.1 billion (+12.0% from Q1), ROA 1.37%. Next report around late November; no exact date stated. Economy · Oct 24 Reference How to Read the Fed's G.19 Consumer Credit Report — Revolving vs Nonrevolving, Rates, Flows and Holders The Fed's monthly G.19 measures U.S. consumer credit outside mortgages. August 2026: $5,196.8 billion, up at a 1.9% annual rate; revolving credit fell at a 4.2% rate. Next release Nov. 6. Economy · Oct 24 Reference How to Read the Fed's H.8 Bank Balance Sheet — Bank Credit, Loans, Deposits and Large vs Small Banks The Fed's weekly H.8 estimates U.S. commercial banks' combined balance sheet. September 2026: bank credit $19.88 trillion, loans up at a 7.3% annual rate, deposits $19.64 trillion. Economy · Oct 24 Reference How to Read the Fed's Balance Sheet (H.4.1) — Securities, Reserves, Reverse Repos and the Treasury Account The Fed's weekly H.4.1 shows securities, loans, reverse repos, the Treasury's account and bank reserves. Oct. 21, 2026: total assets $6.75 trillion; reserves averaged $2.96 trillion. Economy · Oct 24 Reference The Fed's Beige Book — What It Is, What It Isn't, and How to Read It The Beige Book summarizes mostly qualitative reports from contacts in the 12 Fed Districts, 8 times a year; the Fed says it is not officials' views. Oct. 14: 9 Districts grew. Next: Nov. 25. Economy · Oct 15 Reference How to Read a U.S. Treasury Auction Result — High Yield, Bid-to-Cover and Bidder Categories Treasury auction results show high yield, allotment at the high, bid-to-cover and bidder groups. Oct. 7 10-year: 5.300%, bid-to-cover 2.77. Next 10-year auction, tentatively scheduled: Nov. 10, 2026. Economy · Oct 12 Reference CPI vs PCE Inflation — The Fed's 2% Goal Is Set in PCE, and Why the Two Numbers Differ The Fed's 2% goal is defined with the PCE price index, not the CPI. BEA traces the gap to formula, weight, scope and other effects. August 2026: CPI and PCE both 3.4%; core CPI 2.4%, core PCE 3.0%. Economy · Oct 10 Reference Conference Board Consumer Confidence vs Michigan Consumer Sentiment — How the Two Surveys Differ CB asks about business, jobs and income outlook; Michigan about personal finances, the economy and durable-goods buying. Latest: CB 81.9 (Sept. 2026); Michigan 46.3 (Oct. preliminary). Economy · Oct 10 Reference FOMC Minutes, September 2026 — 12–0 Hike to 3-3/4 to 4%; Most Participants See Another Rise Likely Appropriate by Year End Fed minutes (Oct. 7, 2026): members voted 12–0 to raise the range 1/4 point to 3-3/4 to 4%. Most participants judged another increase likely appropriate by year end. Economy · Oct 8 Reference US Construction Spending, August 2026 — Estimated $2.203 Trillion Annual Rate, +0.9% Not Significant; Down 1.7% From a Year Earlier Census's preliminary estimate (Oct. 1): August 2026 construction spending ran at a $2,203.1 billion annual rate, +0.9% (±1.0%), not significant; 1.7% below August 2025. Jan.-Aug. down 3.1%. Economy · Oct 5 Reference US Real GDP, Q2 2026 (Third Estimate) — 2.2% Annual Rate, Revised Up From 1.5%; Q1 Revised to 2.5% BEA's third estimate (Sept. 30) puts Q2 2026 real GDP growth at a 2.2% annual rate (0.6% for the quarter), up from 1.5% in the earlier estimates. Q1 was revised to 2.5% from 2.1%. Economy · Oct 5 Reference US Personal Income and Outlays, August 2026 — PCE Inflation 3.4% Year Over Year, Core 3.0% YoY, Saving Rate 4.1% BEA estimates released Sept. 30, 2026: the PCE price index rose 0.3% in August and 3.4% from a year earlier; core rose 3.0% YoY. Spending rose 0.9% and income 0.2% MoM; saving rate 4.1%. Economy · Oct 5 Reference US Retail Sales, August 2026 — Advance Estimate +1.2% to $773.9 Billion, Since Superseded by the September 28 Annual Revision Census's September 16 advance estimate put August 2026 retail sales at $773.9 billion, up 1.2% (±0.4%). The release now says it is not the latest: revised estimates came out September 28. Economy · Oct 5 Reference US Housing Starts, August 2026 — Estimated 2.6% Monthly Decline Not Statistically Significant; 27.1% Annual Fall in Completions Is August 2026 starts: 1,275,000 annual rate, 2.6% below July; the 90% interval for that change (-14.6% to +9.4%) includes zero. Completions fell 11.9% from July and 27.1% on the year, both significant. Economy · Oct 4 Reference US Industrial Production July 2026 — Up 0.2% US industrial production rose 0.2% in July 2026, a second straight gain led by business equipment output; capacity utilization edged up to 76.3% and output stood 1.1% above July 2025. Economy · Sep 19 Reference US Producer Price Index, July 2026 — Flat Month, 4.7% Annual Rate US producer prices were flat in July 2026 as falling energy offset service gains, but final demand PPI still ran 4.7% above a year earlier, matching the core rate — wholesale inflation stays elevated. Economy · Sep 19 Reference US Consumer Sentiment August 2026 — Michigan Index 51.0 Michigan's preliminary consumer sentiment index fell 7.6% to 51.0 in August 2026, ending a two-month recovery, as year-ahead inflation expectations rose to 4.3%; the final reading lands August 28. Economy · Sep 8