Why Are American Travelers Booking Later and Driving More Despite Inflation?
This August, American leisure travelers are adapting to inflation-driven price pressures by compressing their booking windows and favoring road trips over air
Lead story
The top story
Top stories · today
What's moving
Macro
Fed Funds Rate Holds Steady Ahead of Crucial Inflation and GDP Data This Week
The Federal Reserve’s policy rate remains steady at 3.63% as of early July 2026, but this week’s release of July’s Personal Consumption Expenditures (PCE)
Macro
Why the Federal Funds Rate Pause Matters as Vacation Inflation Reshapes American Travel
On August 23, 2026, the Federal Reserve’s effective federal funds rate remains steady at 3.63%, signaling a cautious pause amid mixed economic signals.
Macro
Fed’s Hawkish Minutes and Rising Yields Shake Markets Despite Mixed Data
The Federal Reserve’s July FOMC minutes, released on August 19, 2026, signaled that many officials expect higher interest rates if inflation remains elevated.
Macro
10-Year Treasury Yield Nears 20-Month High Amid Hawkish Fed Signals and Economic Surge
On August 21, 2026, the 10-year US Treasury yield (DGS10) surged to 4.74%, approaching a 20-month peak.
Macro
Fed Officials Signal Possible Rate Hikes as Treasury Buybacks Fail to Curb Yields
On August 20, 2026, markets reacted sharply to the Federal Reserve's July meeting minutes and the U.S. Treasury's expanded buyback program.
Macro
Why the Fed Funds Rate Stays Steady at 3.63% Amid Mixed Inflation and Labor Signals
The Federal Reserve’s decision to maintain the federal funds rate at 3.63% in July 2026 reflects a cautious stance amid mixed economic signals.
All articles · paginated
Latest from the desk
Macro
July’s Sharp Drop in U.S. Housing Starts Signals Lingering Headwinds for Builders and the Economy
Housing starts in the U.S. unexpectedly fell by a steep 12.4% in July 2026 to an annualized rate of 1.239 million units, far below market forecasts.
Macro
July’s Mixed U.S. Data and FOMC Minutes Loom Over Bitcoin’s Next Move
Bitcoin’s price action this week reflects the tug-of-war between softer U.S. economic data and persistent inflation risks.
Macro
Consumer Caution Returns: August 2026 University of Michigan Sentiment Drops Sharply Amid Inflation Fears
On August 14, 2026, the University of Michigan released its preliminary Consumer Sentiment Index for August, showing a notable decline to 51 from July's 55.2
Macro
July FOMC Minutes Reveal Hawkish Undercurrent Despite Soft Inflation and Job Data
On August 19, 2026, the Federal Reserve’s July FOMC meeting minutes highlighted a notable divide within the committee, with three dissenters pushing for a rate
Macro
July’s Inflation Cooldown and Retail Slump Shift Fed Funds Rate Outlook
The latest July 2026 data reveals a subtle easing in inflation and a rare decline in retail sales, prompting markets to reduce the probability of a Federal