US Household PulseThe United States economy,
from the household inward
1 series not refreshed · updated Nov 2, 2026 Methodology
CPI 3.7%Unemployment 4.2%30Y mortgage 7.24%Saving 3.8¢ per $1Debt service 11.11%Fed funds 3.88%10Y Treasury 4.94%U.S. debt $40.594TDebt / household $301,162Household pressure 43.2

Where has the Fed set short-term interest rates?

Federal funds rate

The effective federal funds rate, monthly average: the rate banks charge each other for overnight loans, which the Federal Reserve steers with its target range.

3.88%
Percent, October 2026
−0.21 pts from a year earlier
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Percent
0.00%5.00%10.00%15.00%20.00%19601970198019902000201020203.88%
Shaded: U.S. recessions (NBER)

The household economy, once a month

A short email after each month’s inflation and jobs data: what changed, what it means for a household budget, and nothing else.