The U.S. fiscal 2026 deficit hit $1.99 trillion—roughly $166 billion per month in uncovered spending, excluding debt refinancing costs.
The Fed held rates steady, yet the 10-year Treasury yield closed above 5%.
Expectation: Politicians will likely push for easier monetary policy rather than enact spending cuts or tax increases that alienate voters.
The Fed held rates steady, yet the 10-year Treasury yield closed above 5%.
Expectation: Politicians will likely push for easier monetary policy rather than enact spending cuts or tax increases that alienate voters.