Fed Minutes Show Most Officials Back Another Hike With Prime at 7.00%
Minutes of the September FOMC meeting show a unanimous 12 to 0 vote to raise rates and most officials expecting one more increase before the end of 2026.
Laura Adams
Laura Adams is a personal finance expert, spokesperson, and national media source who helps consumers improve their finances by making money easy to understand.
She’s the host of the top-rated MoneyGirl Podcast and award-winning author of multiple books, including Money Girl’s Smart Moves to Grow Rich. Connect with Laura at LauraDAdams.com and on Twitter @LauraAdams.
Treasury Yields From 3 Years Out All Top 5% for the First Time Since 2007
Every Treasury maturity from three years out to 30 years closed at or above 5.00% on September 28, 2026, the first time since July 2007. The 10-year reached 5.24%.
30-Year Treasury Yield Hits 5.47%, the Highest Level Since June 2004
The 30-year Treasury yield closed at 5.47 percent on September 24, the highest since June 2004, as real yields rather than inflation expectations drove the selloff.
Treasury 2-Year Note Auction Clears 4.787%, Highest Since May 2024
Treasury sold $69 billion of two-year notes at a 4.787% high yield on September 22, 2026, the highest since May 2024 and 79 basis points above the Fed's new target range.
Prime Rate Rises to 7.00% as Fed Delivers First Hike Since July 2023
The Fed raised the federal funds target range a quarter point to 3-3/4 to 4 percent, lifting the prime rate to 7.00 percent effective September 17, its first increase since July 2023.
Federal Debt Drops $128 Billion From Record as Treasury Spends Down Cash
Federal debt fell to $40.048 trillion on September 10, down $127.9 billion from the August 31 record, as Treasury drew its cash balance at the Fed down by $205.4 billion.
Treasury’s 30-Year Bond Stops at 5.308%, Indirect Bidders Take Record 79%
Treasury sold $22 billion of 30-year bonds at 5.308 percent on September 10, the highest stop since 2001, and indirect bidders took a record 79.3 percent.
Treasury Cash at the Fed Tops $967 Billion as Bank Reserves Hit 39-Week Low
Treasury held $967.9 billion at the Fed in the week ended September 2, a four month high, pulling bank reserves to $2.895 trillion, their lowest in 39 weeks.
August Payrolls Jump 162,000 as July Flips to a Gain, Reviving Fed Hike Case
U.S. employers added 162,000 jobs in August and the BLS revised June and July up by a combined 55,000, erasing the reported July decline days before the September 15-16 FOMC meeting.
Federal Debt Adds $404 Billion in August, the Largest Month of Fiscal 2026
US federal debt closed August at $40.18 trillion, up $404.02 billion from July 31, the largest single-month rise of fiscal 2026 and the first month-end close above $40T.