Mitch Strohm

Mitch Strohm is the Managing Editor of PrimeRates.com and a writer, editor and digital marketer based out of Nashville, TN. Working in the industry for well over a decade, he has been the manager editor for several financial sites and has been featured in publications including Business Insider, Bankrate, The Motley Fool and Yahoo Finance.

Joined: October 19, 2017
Articles: 20

Budget, Personal Loans

Fed Balance Sheet Settles Near $6.7 Trillion After Quantitative Tightening

The neoclassical facade of the U.S. Federal Reserve headquarters in Washington beneath a descending line graph representing a shrinking balance sheet total

The Federal Reserve's balance sheet held near $6.74 trillion on June 24, 2026, after quantitative tightening ended in December. Here is what it means for your rates.

Mitch Strohm
June 29, 2026

Budget, Personal Loans

Treasury 7-Year Note Auction Stops at 4.260% as Indirect Demand Cools

U.S. Treasury Department building with an overlaid rising bond yield curve representing the seven-year note auction

Treasury sold $44 billion of seven-year notes June 25 at a 4.260% high yield and 2.50 bid-to-cover, with indirect demand cooling to 57.6% as domestic direct bidders stepped in.

Mitch Strohm
June 26, 2026

Budget, Personal Loans

Two-Year Treasury Yield Hits Highest Since February 2025 Before May PCE

The neoclassical stone facade of the U.S. Treasury Department building in Washington at golden hour with the American flag against a clear sky

The two-year Treasury yield rose to its highest since February 2025 on June 22 as markets repriced toward a 2026 Fed rate hike ahead of Thursday's May PCE report.

Mitch Strohm
June 23, 2026

Budget, Personal Loans

Treasury 20-Year Bond Auction Clears 4.927% as Indirect Demand Hits 71%

The United States Treasury Department building in Washington D.C. at golden hour with a translucent overlay of rising bond yield data in the sky

Treasury sold $13 billion of 20-year bonds at a 4.927% high yield on June 16, drawing a 2.75 bid-to-cover and 71.2% indirect demand, the strongest 20-year sale since January.

Mitch Strohm
June 17, 2026

Budget, Personal Loans

Fed Set to Hold Rates at June 17 Meeting as CPI Climbs to 4.2%

The Federal Reserve's Marriner S. Eccles building in Washington under golden late-afternoon light with neoclassical columns and an American flag, ahead of a monetary policy announcement

The FOMC is expected to hold rates at 3.50% to 3.75% and the prime rate at 6.75% on June 17, with the new dot plot and a hot May inflation print the real story.

Mitch Strohm
June 14, 2026

Budget, Personal Loans

May CPI Hits 4.2%, Highest Since 2023, as Core Inflation Edges Up to 2.9%

Cars line up at a gas station at dusk beneath an illuminated price sign showing regular gasoline above five dollars per gallon, reflecting the energy-driven jump in May 2026 consumer prices

May CPI rose 0.5% for the month and 4.2% over the year, the first 4% reading since 2023. Core held at 2.9% as the Fed heads into its June 16-17 meeting.

Mitch Strohm
June 11, 2026

Budget, Personal Loans

Average Interest Rate on the National Debt Climbs to 3.35% in May

Wide exterior photograph of the United States Treasury Department building in Washington DC, neoclassical stone columns and facade lit by cool late afternoon light with an American flag at the side, photographed in a documentary financial-news style under a muted slate-blue sky

The average rate on U.S. interest-bearing debt rose to 3.353% in May, the highest since October 2025, as low-coupon debt refinances into higher market yields.

Mitch Strohm
June 8, 2026

Budget, Personal Loans

National Debt Tops $39 Trillion as Net Interest Nears $1 Trillion

Wide exterior view of the United States Treasury Department building with its neoclassical limestone columns and a large American flag, photographed in dramatic golden late afternoon light with long shadows across the facade

U.S. public debt crossed $39 trillion in May 2026. With new Treasury issues yielding above 4.4% and the average rate at 3.34%, CBO projects net interest above $1 trillion this year.

Mitch Strohm
May 30, 2026

Budget, Personal Loans

DOJ Drops Fed Renovation Probe, Clearing Path for Warsh Confirmation Before May 15

United States Capitol Building exterior in Washington DC photographed from a low three quarter angle on the central staircase approach in cool overcast late afternoon light with the iconic white marble dome dominating the upper portion of the frame the central pedimented portico and Corinthian columns visible at center and the broad central staircase descending in the foreground under a cool slightly hazy sky

The Department of Justice closed its investigation into the Federal Reserve’s Eccles Building renovations last week, removing the procedural obstacle that Sen. Thom Tillis (R-NC) had cited as the basis for blocking Kevin Warsh’s confirmation as Federal Reserve Chair from…

Mitch Strohm
April 27, 2026

Budget, Personal Loans

What a Fed Hold Means for Your Mortgage, Credit Cards, and Savings

Ordinary domestic kitchen scene viewed from a slight three quarter angle showing a polished warm walnut wooden counter with a single closed plain manila paper folder lying flat in the foreground a small white ceramic coffee cup with rising steam on a white saucer in the upper right and a small unlit brass candle holder with a cream pillar candle in the upper left lit by soft warm window light streaming in from the left

Markets price a 99.4% probability that the Federal Reserve will hold rates at 3.50%–3.75% on April 29, 2026 — meaning for most household financial decisions, your numbers don’t change on Wednesday afternoon. Specifically: the prime rate stays at 6.75%, your…

Mitch Strohm
April 24, 2026