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Economy

Economy coverage from BusinessTech News. Federal Reserve policy, inflation prints, jobs reports, GDP data, and the macro forces moving markets and the political debate. Reporting on Fed chair Jerome Powell, Treasury Secretary, and the economists shaping the consensus on rates, recession risk, and the post-pandemic labor market. Stories pull from BLS, BEA, Fed minutes, FOMC dot plots, and direct sourcing on what policymakers are actually weighing. Updated through major economic-data days.

Treasury yield chart on a dark trading-desk display showing 5.34% and a 7.03% mortgage rate card

Economy

The 10-Year Treasury Yield Hit 5.34%, Its Highest Since 2002, and Mortgages Are Already Over 7%

The 10-year Treasury yield touched 5.34%, a 2002 high, with mortgages above 7%. Why the 1.24-point gap over the Fed's rate is the real story.

By Scott Allan · 1d ago · 3 min read

More in Economy

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Federal Reserve System seal glowing on a dark navy console beside a dot-plot grid panel in which one dot position is empty, outlined by a dashed ring

Economy

The Fed Hiked to 4% on a Dot Plot With 18 Dots, Not 19

The FOMC raised rates a quarter point, but its new dot plot carries 18…

By Scott Allan · Sep 18

An open Lennar quarterly earnings report booklet on a walnut desk beside rolled house blueprints, a door key, a pen and coffee

Economy

Lennar’s Margin Fell 170 Basis Points in a Quarter Its Own Construction Costs Improved

Lennar's construction costs and cycle times improved last quarter. Gross margin still fell 170…

By Scott Allan · Sep 17

Bronze Board of Governors of the Federal Reserve System seal mounted on the marble wall of the Eccles Building in Washington DC

Economy

The Fed’s Two Inflation Gauges Disagree by 80 Basis Points. Warsh Is Hiking on the Higher One.

Futures markets now put the odds of a quarter-point Federal Reserve hike this month…

By Scott Allan · Sep 2

Long corridor of black NVIDIA-branded GPU server racks in an AI data center, daylight from a high window at the end of the aisle

Economy

The AI Buildout Borrowed $225 Billion at Low Rates. Warsh Just Signaled the Bill Is Repricing.

Every account of Kevin Warsh’s Jackson Hole speech on Friday told the same story:…

By Scott Allan · Aug 31

Overhead desk flatlay: a Wall Street Journal newspaper, a printed rising long-term bond yield chart, a fountain pen, coffee and a tablet showing the US Department of the Treasury seal

Economy

Druckenmiller Says Bessent Will Lose the Bond Fight as Treasury Eyes a $950 Billion Cash Pile

The man who trained Scott Bessent spent Tuesday morning telling him, in the pages…

By Scott Allan · Aug 25

Line of transport trailers queued at customs inspection booths on wet asphalt, with Canadian and United States flags flying beside the crossing under overcast sky

Economy

US Canada Trade Talks Collapse as 50% Tariffs Hit $20 Billion in Goods

Fifty percent US tariffs on about $20 billion of Canadian goods took effect at…

By Scott Allan · Aug 24

Business

Morgan Stanley’s $1.3 Billion Dallas Tower Puts a Number on New York’s Tax Fight

The New York Post reported on Thursday that Morgan Stanley has settled on Dallas…

By Scott Allan · Aug 21

Overhead flatlay of printed US Treasury yield tables and a hand annotated rising yield curve on a wooden desk, next to a tablet showing Samsung and SK Hynix logos above falling red stock charts

Analysis

The 30-Year Treasury Hit a 19-Year High. Korea’s Chip Stocks Paid for It.

The yield on the 30-year US Treasury bond pushed past 5.33% on Tuesday, its…

By Scott Allan · Aug 19

Two-colour risograph poster: a blue Federal Reserve eagle seal at left, and at right a row of vermilion bars stepping down until the final bar drops below the baseline

Economy

Payrolls Fell 23,000 and the Rates Market Repriced a Fed That Refuses to Guide It

Nine days ago the market was positioned for a September rate hike. On Friday…

By Scott Allan · Aug 7

Dark navy data display showing a Brent crude candlestick chart that breaks down and recovers, beside a nautical chart of a narrow strait with a dotted shipping corridor, with an oil tanker silhouette behind

Economy

Brent Crossed Back Above $80 on the Day the Hormuz Deal Looked Closest

Brent crude settled 1.49% higher at $80.54 a barrel late Wednesday, hours after Houthi…

By Scott Allan · Aug 6

Federal Reserve System seal beside glowing data panels reading GDP 1.5 percent, core PCE 3.3 percent and 30-year Treasury yield 5.24 percent, with a steepening yield curve chart

Economy

Q2 GDP Slowed to 1.5%, but Private Demand Jumped 3.9%: Why the Bond Market Isn’t Buying the Cooldown

The Bureau of Economic Analysis reported Thursday that real GDP grew at a 1.5%…

By Scott Allan · Jul 30

A Federal Reserve seal on a dark navy background surrounded by data panels showing a flat interest rate line and a widening probability distribution

Economy

Fed Rate Decision Today: Warsh’s Silence Is the Only Number That Moves

The Federal Open Market Committee announces at 2:00 p.m. Eastern, and economists polled by…

By Scott Allan · Jul 29

Economy

The 10-Year Treasury Yield Hit 5.34%, Its Highest Since 2002, and Mortgages Are Already Over 7%

The Treasury Sold $70 Billion of Five-Year Notes at 5.033%. Primary Dealers Were Left Holding $11 Billion of Them.

Everyone Reported Mortgage Rates Approaching 7%. The Daily Trackers Already Have Them Above It.

Oil Fell 9% in Four Days Because Trump Said He Would Probably Take a Meeting Nobody Has Scheduled

More in Economy

The Fed Hiked to 4% on a Dot Plot With 18 Dots, Not 19

Lennar’s Margin Fell 170 Basis Points in a Quarter Its Own Construction Costs Improved

The Fed’s Two Inflation Gauges Disagree by 80 Basis Points. Warsh Is Hiking on the Higher One.

The AI Buildout Borrowed $225 Billion at Low Rates. Warsh Just Signaled the Bill Is Repricing.

Druckenmiller Says Bessent Will Lose the Bond Fight as Treasury Eyes a $950 Billion Cash Pile

US Canada Trade Talks Collapse as 50% Tariffs Hit $20 Billion in Goods

Morgan Stanley’s $1.3 Billion Dallas Tower Puts a Number on New York’s Tax Fight

The 30-Year Treasury Hit a 19-Year High. Korea’s Chip Stocks Paid for It.

Payrolls Fell 23,000 and the Rates Market Repriced a Fed That Refuses to Guide It

Brent Crossed Back Above $80 on the Day the Hormuz Deal Looked Closest

Q2 GDP Slowed to 1.5%, but Private Demand Jumped 3.9%: Why the Bond Market Isn’t Buying the Cooldown

Fed Rate Decision Today: Warsh’s Silence Is the Only Number That Moves

Archive

June Jobs Report: ADP Signals Cooling Labor Market Ahead of Today’s Payrolls Data

Fed’s Hammack Warns AI Infrastructure Boom Is Fueling Inflation, Says Rate Hikes May Be Needed

AI Has Eliminated 88,000 US Jobs in 2026, More Than Every Previous Year Combined

US Trade Deficit Blows Past $105 Billion as Businesses Front-Load Imports

Supreme Court Shields Fed Independence in 5-4 Ruling, Blocks Trump From Firing Governor Lisa Cook

Alan Greenspan Dies at 100, Leaving Wall Street the ‘Greenspan Put’ and a 2008 Reckoning

Cuba Unveils 176 Free-Market Reforms in the Biggest Economic Shift Since the 1959 Revolution

Bank of Japan Raises Rates to 1% Without Its Own Governor, Hitting a 31-Year High