as of 15 paź 2026, 06:00 UTC

Macro dashboard

Inflation, policy rates, yields, jobs and growth in the US, the euro area and Russia, from official sources.

Where the economy stands

Rules-based labels from public data: descriptions, not forecasts.

US yield curve
Flat
US inflation trend
Rising
US growth
Stable
  • The US 10-year minus 2-year Treasury spread is 0,42 pp: a flat curve.
  • US core CPI: 3,4 % annualised over the last 3 months vs 2,6 % over 12 months (trend: rising).
  • US payrolls: 51k a month on average over 3 months; unemployment 4,2 % (0 pp vs its 12-month low, 3-month average); industrial production 2,3 % annualised over 6 months.
  • Euro-area HICP inflation is 3,8 % y/y (core 2,5 %), rising vs three months earlier.
  • Russia CPI inflation is 6,35 % y/y; the Bank of Russia's target is 4 %.
  • Policy rates: Fed funds target 3,75–4 %, ECB deposit rate 2,5 %, Bank of Russia key rate 14 %.

Rules-based labels from public data: curve below 0 = inverted, below 0.5 pp = flat; inflation trend = 3-month annualised vs 12-month core CPI (±0.5 pp); growth = payrolls, unemployment vs its 12-month low and industrial production. Descriptions, not forecasts.

Inflation

Year-on-year change of consumer prices.

US CPI inflation (y/y)
3,72%
wrzesień 2026
+0,69 pp over 1 year
US core CPI inflation (y/y)
2,57%
wrzesień 2026
−0,45 pp over 1 year
US core PCE inflation (y/y)
3,01%
sierpień 2026
+0,16 pp over 1 year
Euro area HICP inflation (y/y)
3,80%
wrzesień 2026
+1,60 pp over 1 year
Euro area core HICP (ex energy, food, alcohol, tobacco; y/y)
2,50%
wrzesień 2026
+0,10 pp over 1 year
Russia CPI inflation (y/y)
6,35%
wrzesień 2026
−1,63 pp over 1 year

Five-year chart with Invest Pro

Source: Bank of Russia (cbr.ru), Rosstat data, Computed by AI-Stock Invest from U.S. Bureau of Economic Analysis data via FRED®, Computed by AI-Stock Invest from U.S. Bureau of Labor Statistics data via FRED®, Eurostat, via the ECB Data Portal

Policy rates

Central-bank rates and the euro short-term rate.

Fed funds target range, upper bound
4,00%
14 paź 2026
−0,25 pp over 1 year
ECB deposit facility rate
2,50%
15 paź 2026
+0,50 pp over 1 year
€STR (euro short-term rate)
2,44%
13 paź 2026
+0,51 pp over 1 year
Bank of Russia key rate
14,00%
15 paź 2026
−3,00 pp over 1 year

Five-year chart with Invest Pro

Source: Bank of Russia (cbr.ru), Board of Governors of the Federal Reserve System via FRED®, ECB statistics

Government bond yields

US Treasuries and euro-area AAA bonds.

US Treasury 3-month yield
4,26%
13 paź 2026
+0,24 pp over 1 year
US Treasury 2-year yield
4,79%
13 paź 2026
+1,27 pp over 1 year
US Treasury 10-year yield
5,21%
13 paź 2026
+1,16 pp over 1 year
Euro area AAA government 2-year yield
3,08%
13 paź 2026
+1,15 pp over 1 year
Euro area AAA government 10-year yield
3,49%
13 paź 2026
+0,79 pp over 1 year

Five-year chart with Invest Pro

Source: Board of Governors of the Federal Reserve System via FRED®, ECB statistics

Yield curve

Long minus short yields; below zero means an inverted curve.

US yield curve, 10y minus 2y
0,42%
13 paź 2026
−0,11 pp over 1 year
US yield curve, 10y minus 3m
0,95%
13 paź 2026
+0,92 pp over 1 year
Euro area AAA yield curve, 10y minus 2y
0,41%
13 paź 2026
−0,37 pp over 1 year

Five-year chart with Invest Pro

Source: Computed by AI-Stock Invest from Board of Governors of the Federal Reserve System data via FRED®, Computed by AI-Stock Invest from ECB statistics

Jobs

Unemployment, payrolls and jobless claims.

US unemployment rate
4,20%
wrzesień 2026
−0,20 pp over 1 year
Euro area unemployment rate
6,40%
sierpień 2026
+0,10 pp over 1 year
US nonfarm payrolls, monthly change
29 tys.
wrzesień 2026
−47 tys. vs a year earlier
US initial jobless claims
197 tys.
3 paź 2026
−12,4 % over 1 year

Five-year chart with Invest Pro

Source: Computed by AI-Stock Invest from U.S. Bureau of Labor Statistics data via FRED®, Eurostat, via the ECB Data Portal, U.S. Bureau of Labor Statistics via FRED®, U.S. Employment and Training Administration via FRED®

Growth

Real GDP and industrial production.

US real GDP growth (q/q, annualised)
2,22%
II kw. 2026
−1,80 pp over 1 year
Euro area real GDP growth (y/y)
1,17%
II kw. 2026
−0,23 pp over 1 year
US industrial production (2017 = 100)
103,1
sierpień 2026
+1,4 % over 1 year

Five-year chart with Invest Pro

Source: Board of Governors of the Federal Reserve System via FRED®, Computed by AI-Stock Invest from U.S. Bureau of Economic Analysis data via FRED®, ECB statistics

Oil and currencies

Brent and official reference exchange rates.

Brent crude oil, spot (USD/bbl)
125,44 $
6 paź 2026
+87,0 % over 1 year
EUR/USD (US dollars per 1 euro)
1,1195
14 paź 2026
−3,1 % over 1 year
EUR/RUB (roubles per 1 euro)
93,92
15 paź 2026
+1,3 % over 1 year

Five-year chart with Invest Pro

Source: Bank of Russia (cbr.ru), ECB euro reference rates, U.S. Energy Information Administration via FRED®

Yield curves

Government bond yields by maturity, today and a year earlier.

US Treasury yields

US Treasury yields. Latest (13 paź 2026): 4,26% → 5,56% (); A year earlier (13 paź 2025): 4,02% → 4,63% ()Latest (13 paź 2026)A year earlier (13 paź 2025)5,56%4,63%
  • Latest (13 paź 2026)
  • A year earlier (13 paź 2025)
10 years minus 2 years
+0,42 pp
10 years minus 3 months
+0,95 pp
Shape (10y − 2y)
Flat

13 paź 2026 · Source: Board of Governors of the Federal Reserve System via FRED®

Euro area AAA government bond yields

Euro area AAA government bond yields. Latest (13 paź 2026): 2,55% → 3,74% (); A year earlier (13 paź 2025): 1,91% → 3,16% ()Latest (13 paź 2026)A year earlier (13 paź 2025)3,74%3,16%
  • Latest (13 paź 2026)
  • A year earlier (13 paź 2025)
10 years minus 2 years
+0,41 pp
10 years minus 3 months
+0,94 pp
Shape (10y − 2y)
Flat

13 paź 2026 · Source: ECB statistics

Maturities are spaced evenly on the axis. The curve shows yields as they are; an inverted curve (short-term yields above long-term ones) is a description, not a forecast.

Rates and yields

Latest value, its date and the change over one year.

RateRateChange, 1 yearDateSource
Fed funds target range3,75–4,00%−0,25 pp14 paź 2026Board of Governors of the Federal Reserve System via FRED®
ECB deposit facility rate2,50%+0,50 pp15 paź 2026ECB statistics
ECB main refinancing rate2,65%+0,50 pp15 paź 2026ECB statistics
€STR (euro short-term rate)2,44%+0,51 pp13 paź 2026ECB statistics
Bank of Russia key rate14,00%−3,00 pp15 paź 2026Bank of Russia (cbr.ru)
US Treasury 3-month yield4,26%+0,24 pp13 paź 2026Board of Governors of the Federal Reserve System via FRED®
US Treasury 2-year yield4,79%+1,27 pp13 paź 2026Board of Governors of the Federal Reserve System via FRED®
US Treasury 10-year yield5,21%+1,16 pp13 paź 2026Board of Governors of the Federal Reserve System via FRED®
Euro area AAA government 2-year yield3,08%+1,15 pp13 paź 2026ECB statistics
Euro area AAA government 10-year yield3,49%+0,79 pp13 paź 2026ECB statistics

Calendar: central banks and data releases

Upcoming rate decisions and the official release dates of inflation, employment and GDP data (times in UTC).

DateTime, UTCEventRegion
czw., 15 paź 202612:30US producer prices, PPI (BLS)US
pt., 16 paź 202609:00Euro area inflation, HICP final (Eurostat) wrzesień 2026EA
pt., 23 paź 202610:30Bank of Russia key rate decision KeyRU
śr., 28 paź 202618:00FOMC rate decision KeyUS
czw., 29 paź 202612:30US GDP (BEA) KeyUS
czw., 29 paź 202612:30US personal income and spending, PCE prices (BEA) KeyUS
czw., 29 paź 202613:15ECB monetary policy decision KeyEA
pt., 30 paź 202610:00Euro area GDP, preliminary flash estimate (Eurostat) Q3 2026 KeyEA
pt., 30 paź 202610:00Euro area unemployment (Eurostat) wrzesień 2026EA
pt., 30 paź 202612:30US Employment Cost Index (BLS)US
wt., 3 lis 202615:00US job openings, JOLTS (BLS)US
śr., 4 lis 202610:00Euro area inflation, HICP flash estimate (Eurostat) październik 2026 KeyEA
pt., 6 lis 202613:30US employment report: payrolls and unemployment (BLS) KeyUS
wt., 10 lis 202613:30US consumer prices, CPI (BLS) KeyUS

Recent events

  • 02 paź 2026Euro area inflation, HICP flash estimate (Eurostat) · EA
  • 02 paź 2026US employment report: payrolls and unemployment (BLS) · US
  • 14 paź 2026US consumer prices, CPI (BLS) · US

Dates come from the official calendars of the Fed, the ECB and the Bank of Russia and from the release schedules of the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis and Eurostat; they can change. Russian inflation release dates are not listed: Rosstat's schedule is not available to us.

Sources

  • Computed by AI-Stock Invest from Board of Governors of the Federal Reserve System data via FRED®
  • Computed by AI-Stock Invest from ECB statistics
  • Computed by AI-Stock Invest from U.S. Bureau of Economic Analysis data via FRED®
  • Computed by AI-Stock Invest from U.S. Bureau of Labor Statistics data via FRED®
  • Eurostat euro indicators release calendar
  • Source: Bank of Russia (cbr.ru)
  • Source: Bank of Russia (cbr.ru), Rosstat data
  • Source: Board of Governors of the Federal Reserve System via FRED®
  • Source: ECB euro reference rates
  • Source: ECB statistics
  • Source: Eurostat, via the ECB Data Portal
  • Source: U.S. Bureau of Economic Analysis via FRED®
  • Source: U.S. Bureau of Labor Statistics via FRED®
  • Source: U.S. Employment and Training Administration via FRED®
  • Source: U.S. Energy Information Administration via FRED®
  • U.S. Bureau of Economic Analysis release schedule
  • U.S. Bureau of Labor Statistics release schedule

FRED® series are public-domain data cited as their publishers request; ECB, Eurostat and Bank of Russia data are reproduced with attribution. Methodology and sources