Markets

The numbers behind the news

The Fed, prices, jobs, earnings season and crypto, in charts you can read in five seconds. Facts and context only: no tips, no predictions.

Updated October 23, 2026. Every number on this page is computed from public data; sources below.

The Fed

The Federal Reserve's policy rate (effective fed funds) is 3.88%, down 0.23 points from a year ago. The next Fed meeting is October 27-28 (4 days away).

The Fed's policy rate

The Fed's policy rateEffective federal funds rate, weekly, 2023-10-22 to 2026-10-22; latest 3.88%.3.50%4.00%4.50%5.00%5.50%FOMC meeting December 12-13FOMC meeting January 30-31FOMC meeting March 19-20FOMC meeting Apr/May 30-1FOMC meeting June 11-12FOMC meeting July 30-31FOMC meeting September 17-18FOMC meeting November 6-7FOMC meeting December 17-18FOMC meeting January 28-29FOMC meeting March 18-19FOMC meeting May 6-7FOMC meeting June 17-18FOMC meeting July 29-30FOMC meeting September 16-17FOMC meeting October 28-29FOMC meeting December 9-10FOMC meeting January 27-28FOMC meeting March 17-18FOMC meeting April 28-29FOMC meeting June 16-17FOMC meeting July 28-29FOMC meeting September 15-16Oct 2023Apr 2025Oct 20263.88%Fed funds
Dotted lines mark Fed meetings. The rate moves when the Fed decides to raise or cut.

Treasury yields

Treasury yields2-year 4.65% and 10-year 4.96% as of 2026-10-22.3.00%3.50%4.00%4.50%5.00%5.50%Oct 2023Apr 2025Oct 20264.96%10-year4.65%2-year
What the government pays to borrow for 2 years (4.65%) and 10 years (4.96%).

The yield curve gap

Yield curve gap10-year minus 2-year Treasury yield, latest +0.31 points.-1.00%-0.50%0.00%0.50%1.00%Oct 2023Apr 2025Oct 20260.31%10y minus 2yYield curve gap10-year minus 2-year Treasury yield, latest +0.31 points.-1.00%-0.50%0.00%0.50%1.00%Oct 2023Apr 2025Oct 20260.31%10y minus 2y
10-year minus 2-year yield: +0.31 points. Below zero, short-term borrowing costs more than long-term; that is called an inverted curve.

Prices and jobs

Inflation

InflationConsumer prices, change over 12 months; latest 3.7% (2026-09-01).2.00%2.50%3.00%3.50%4.00%4.50%Nov 2023Apr 2025Sep 20263.72%CPI, 12-month
Consumer prices rose 3.7% over the year to September 2026. The Fed's long-run goal is 2%.

Unemployment

Unemployment rateMonthly unemployment rate; latest 4.2% (2026-09-01).3.60%3.80%4.00%4.20%4.40%4.60%Oct 2023Mar 2025Sep 20264.20%Unemployment
4.2% of people looking for work did not have a job in September 2026.

Earnings ahead

When the biggest US companies last filed quarterly results with the SEC, and when the next report is likely. Estimates come from each company's past schedule; companies confirm exact dates on their investor sites.

CompanyLast resultsNext (estimated)
Visa VJul 28Oct 27 (est.)
Microsoft MSFTJul 29Oct 28 (est.)
Alphabet GOOGLJul 22Oct 28 (est.)
Apple AAPLJul 30Oct 29 (est.)
Amazon AMZNJul 30Oct 29 (est.)
Exxon Mobil XOMMay 1Oct 30 (est.)
NVIDIA NVDAAug 26Nov 18 (est.)
Walmart WMTAug 20Nov 19 (est.)
Broadcom AVGOSep 2Dec 10 (est.)
Costco COSTSep 24Dec 10 (est.)
Tesla TSLAOct 21Jan 1 (est.)
Bank of America BACOct 14Jan 13 (est.)
Netflix NFLXOct 20Jan 19 (est.)
Meta Platforms METAOct 21Jan 27 (est.)

Crypto

Prices from our FATAS system, which tracks the Kraken exchange. Volatility is how much the price has swung day to day over the last month, scaled to a year: higher means bigger swings.

Bitcoin

Bitcoin priceBitcoin daily close over one year; latest $80,853.90.$40,000$60,000$80,000$100,000$120,000Oct 2025Apr 2026Oct 2026$80,854BTC
$80,853.90 · -4.2% in 30 days · -26.5% in a year · 30-day volatility 24% (annualized)

Ether

Ether priceEther daily close over one year; latest $2,377.91.$1,000$2,000$3,000$4,000$5,000Oct 2025Apr 2026Oct 2026$2,378ETH
$2,377.91 · -11.4% in 30 days · -38.4% in a year · 30-day volatility 32% (annualized)

Solana

Solana priceSolana daily close over one year; latest $102.49.$50.00$100$150$200$250Oct 2025Apr 2026Oct 2026$102SOL
$102.49 · -10.9% in 30 days · -46.5% in a year · 30-day volatility 40% (annualized)

XRP

XRP priceXRP daily close over one year; latest $1.29.$0.50$1.00$1.50$2.00$2.50$3.00Oct 2025Apr 2026Oct 2026$1.29XRP
$1.29 · -14.0% in 30 days · -46.1% in a year · 30-day volatility 39% (annualized)

Markets Brief

Our markets reporter on the big stories from the Fed and earnings season, every week.

Markets

The Rate That Isn't As High As It Looks

While headlines fret over a 3.7% inflation print, the effective federal funds rate of 3.88% remains below its historical median and well off the peaks that once defined economic pain.