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Budget, Personal Loans

Warsh Sets Seven 2027 Rate Votes and Six in 2028, Down From Eight

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Fed Chair Kevin Warsh said the FOMC will hold seven interest rate votes in 2027 and six in 2028, down from eight. Prime stays at 7.00 percent and December 8 to 9 is unaffected.

Shelly Warding
November 3, 2026

Budget, Personal Loans

Treasury Revisits Its $628 Billion Borrowing Estimate as Refunding Week Opens

Early morning sunlight rakes across the tall stone columns of the neoclassical United States Treasury Department building in Washington, with bare autumn tree branches in the foreground and a deep blue sky overhead

Treasury updates its $628 billion October through December borrowing estimate Monday at 3 p.m. Eastern, with the quarterly refunding statement due Wednesday morning.

Mitch Strohm
November 2, 2026

Budget, Personal Loans

Federal Debt Grew $421.8 Billion in October, the Most Since July 2025

The neoclassical stone facade of the U.S. Treasury Department building in Washington lit by low dawn sunlight, with bare autumn tree branches in the foreground and heavy grey clouds overhead.

Federal debt rose $421.8 billion in October 2026 to $40.593 trillion, the largest monthly increase since July 2025. Here is what it means for prime and mortgage rates.

Laura Adams
November 1, 2026

Budget, Credit Cards

Core PCE Rises to 3.1% in September, Under the Fed’s 3.4% Projection

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Core PCE inflation rose to 3.1% over the 12 months through September 2026, the BEA reported October 29, one day after the Fed held the prime rate at 7.00% on a 10 to 2 vote.

Shelly Warding
October 31, 2026

Budget, Personal Loans

Overnight Repo Rate Tops the Fed’s Floor as Bank Reserves Drain $69 Billion

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Bank reserves fell $68.8 billion to $2.894 trillion in the week ended October 28, the lowest since December 2025, as SOFR closed above the Fed's 3.90% floor for a fourth straight session.

Mitch Strohm
October 30, 2026

Budget, Personal Loans

Fed Holds Prime Rate at 7.00% as Cook and Hammack Dissent for a Hike

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The Federal Open Market Committee held its target range at 3.75% to 4.00% on October 28, 2026, keeping the prime rate at 7.00%. Cook and Hammack dissented for a quarter point hike.

Laura Adams
October 29, 2026

Budget, Personal Loans

Federal Debt Crosses $40.5 Trillion After a $65 Billion One Day Jump

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Treasury's Debt to the Penny series recorded $40,528,358,939,415.85 on October 26, 2026, the first reading above $40.5 trillion, after a $65.21 billion one day rise.

Shelly Warding
October 28, 2026

Budget, Personal Loans

Direct Bidders Take a Record 41% of Treasury’s $69 Billion 2-Year Note

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Direct bidders took 41.32% of Treasury's $69 billion 2-year note auction on October 26, a four-year record for the maturity, as indirect bidders fell to 45.68%.

Mitch Strohm
October 27, 2026

Budget, Personal Loans

94 of 100 Economists Expect Prime Rate to Hold at 7.00% on October 28

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The Fed opens a two-day meeting Tuesday. 94 of 100 economists surveyed by Reuters expect a hold at 3.75% to 4.00%, keeping the prime rate at 7.00% into December.

Laura Adams
October 26, 2026

Budget, Personal Loans

Treasury Sells $213 Billion in Notes as the Fed Decides on Oct. 28

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Treasury will auction $213 billion of 2-year, 5-year, 7-year and floating rate notes across the four days surrounding the Fed's October 28 decision, all settling November 2.

Shelly Warding
October 25, 2026