Section II · Indicators
Which macro indicators does this desk track?
We track eight official statistics: U.S. CPI and core CPI, the unemployment rate, nonfarm payrolls and average hourly earnings from the BLS; the Treasury par yield curve; euro-area HICP inflation from Eurostat; and the ECB’s three key interest rates.
| Indicator | Latest | Period | Series | Retrieved |
|---|---|---|---|---|
| Consumer Price Index (CPI-U)What is the latest U.S. CPI inflation rate? | 3.7% y/y | September 2026 | CUUR0000SA0 | |
| Core CPI (less food and energy)What is the latest core CPI inflation rate? | 2.6% y/y | September 2026 | CUUR0000SA0L1E | |
| Unemployment rateWhat is the current U.S. unemployment rate? | 4.2% | September 2026 | LNS14000000 | |
| Nonfarm payrollsHow many jobs did the U.S. economy add last month? | +29k jobs | September 2026 | CES0000000001 | |
| Average hourly earningsHow fast are U.S. wages growing? | 3.0% y/y | September 2026 | CES0500000003 | |
| Treasury yield curveWhat is the U.S. Treasury yield curve today? | 5.19% 10-yr | October 14, 2026 | Daily par yield curve | |
| Euro area HICP inflationWhat is the latest euro area inflation rate? | 3.8% y/y | September 2026 | Eurostat prc_hicp_minr TOTAL | |
| ECB key interest ratesWhat are the ECB key interest rates now? | 2.50% deposit rate | September 16, 2026 | FM.B.U2.EUR.4F.KR.DFR.LEV |
How these fit together
Inflation (CPI, core CPI) and the labour market (unemployment, payrolls, wages) are the two halves of the Federal Reserve’s dual mandate of maximum employment and stable prices. The Treasury yield curve shows how markets price that outlook across maturities.
For the euro area, the ECB has a single price-stability mandate defined as 2% HICP inflation over the medium term, set through its key interest rates. Our HICP vs CPI guide explains why the two inflation measures are not directly comparable.