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Macro

Axios Macro

Fed leaves rates steady, with internal dissent

Why AI makes central banking tougher

Stable growth, stubborn inflation: Q2's GDP, inflation reports preview

The "no surprises" Fed is in doubt

Markets

Axios Markets

The growing jitters over hyperscaler debt

A line chart that tracks Oracleâs five-year credit default swaps, in basis points, from Jan. 21 to July 22, 2026. The spread fell to a low of 128.83 on Feb. 2, then climbed to 203.07 on July 21 and 22, the period high.

Oracle five-year credit default swaps 

Data: FactSet; Chart: Matt Phillips/Axios

The great rate reset

A line chart that tracks the U.S. 30-year real yield on selected dates from July 22, 2010, to July 23, 2026. The yield was 1.87% in 2010, 0.93% in 2014, 0.96% in 2018 and 2.97% in 2026. It fell early, then climbed sharply by 2026.

U.S. 30-year real yield

Data: Federal Reserve Bank of St. Louis, U.S. Treasury Department; Chart: Courtenay Brown/Axios

The world is crazy. Why are stocks up?

The trade-offs of a quieter Fed chief

Homeownership rate in the U.S. is lower than you think, new research finds

A line chart that compares U.S. homeownership rates under traditional and new measures from 2006 to 2024. The traditional rate fell from 67.3% to 63.1% by 2015, then edged up to 65.3% in 2024. The new measure dropped from 55.1% to 49.4% in 2016, then recovered to 53.1%.

U.S. homeownership rate

Data: Federal Reserve Bank of Minneapolis calculations based on 2024 American Community Survey data; Note: Traditional measure reflects share of occupied housing units where owner is a resident. The new measure is the share of the adult population who owns their home; Chart: Emily Peck/Axios

Bond traders are tuning out Trump posts

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News and analysis that matters about the Federal Reserve and interest rates.