The Day the Committee Meets
Sample copy for the front-page lead. A future story on this desk would explain a rate-setting meeting in plain words. This one does not describe a meeting, a vote, or a number.
What a Speech Is For
Sample copy. This desk will one day walk through a public remark: the occasion, the argument, and which sentences are worth rereading. None of that is claimed here.
The Morning a Number Prints
Sample copy. A real piece would begin only after a release is in hand. No statistic appears in this specimen.
After the Decision, the Open
Sample copy. Prices, yields, and moves are left out on purpose. A real markets piece will take figures from the source that printed them.
The Ledger
Open the ledgerEffective federal funds rate
3.88%
Target 3.75%–4%
As of 2026-10-01 · Federal Reserve Bank of New York · Markets Data API · Retrieved 2026-10-05T04:01:54.373Z
Overnight bank funding rate
3.88%
As of 2026-10-01 · Federal Reserve Bank of New York · Markets Data API · Retrieved 2026-10-05T04:01:54.373Z
Secured overnight financing rate
3.87%
As of 2026-10-01 · Federal Reserve Bank of New York · Markets Data API · Retrieved 2026-10-05T04:01:54.373Z
Tri-party general collateral rate
3.84%
As of 2026-10-01 · Federal Reserve Bank of New York · Markets Data API · Retrieved 2026-10-05T04:01:54.373Z
Broad general collateral rate
3.84%
As of 2026-10-01 · Federal Reserve Bank of New York · Markets Data API · Retrieved 2026-10-05T04:01:54.373Z
SOFR 30-day average
3.76116%
90-day average 3.68732%
180-day average 3.67765%
Index 1.26112897
As of 2026-10-02 · Federal Reserve Bank of New York · Markets Data API · Retrieved 2026-10-05T04:01:54.373Z
Total public debt outstanding
$40,260,641,972,390.03
As of 2026-10-01 · Feed format $10.20 · U.S. Department of the Treasury · Fiscal Data, Debt to the Penny · Retrieved 2026-10-05T04:01:55.210Z
Operating cash
893,699
Opening Balance Today · format $1,000,000
As of 2026-10-01 · Treasury General Account (TGA) Closing Balance · Feed format $1,000,000 · U.S. Department of the Treasury · Fiscal Data, Daily Treasury Statement operating cash balance · Retrieved 2026-10-05T04:01:55.550Z
10-year par yield
5.28%
As of 10/02/2026 · U.S. Department of the Treasury · Daily par yield curve rates · Retrieved 2026-10-05T04:01:55.990Z
Prime rate
7.00%
As of 2026-10-01 · Percent: Per Year · Board of Governors of the Federal Reserve System · H.15 Selected Interest Rates · Retrieved 2026-10-05T04:01:56.638Z
10-year Treasury constant maturity
5.24%
As of 2026-10-01 · Percent: Per Year · Board of Governors of the Federal Reserve System · H.15 Selected Interest Rates · Retrieved 2026-10-05T04:01:56.638Z
Each figure is copied from the cited feed, with that feed’s date. This paper does not fill a gap with an estimate.
Latest from the Fed
Board feedsPress releases
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- Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements
- Agencies publish resolution plan feedback letters for 15 banking organizations
- Federal Reserve Board announces approval of application by Peoples Bancorp Inc.
- Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
- Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank
Speeches
- Bowman, Modernizing Financial Regulation: Initial Observations from eSLR
- Jefferson, The U.S. Economy and Monetary Policy
- Waller, The Data Version of Godzilla versus Kong: FRED Takes on AI
- Cook, The Dual Mandate in Rural America
- Waller, Payments in the Age of AI Agents
- Barr, Economic Conditions and Monetary Policy
- Bowman, Opening Remarks
- Cook, An Update on AI and the Economy
Titles only, linked to the Board. Nothing here is rewritten. · Board of Governors of the Federal Reserve System · RSS feeds for press releases and speeches · Retrieved 2026-10-05T04:01:56.689Z
Rates & FOMC
Open the deskMeetings, the target for the cost of money, and the words a committee uses. The headlines below are samples, not reports.
Speeches
Open the deskPublic remarks, the calendar that lists them, and what a speech can and cannot tell a reader. Sample headlines only.
Data Prints
Open the deskThe morning a statistical release is due, and how this desk will treat a number once a real one is in hand. No figure is printed here.
Banking & Regulation
Open the deskRules, supervision, and the banks a central bank watches. Sample headlines only, with no docket invented.
Markets
Open the deskHow bills, notes, and longer bonds trade when news arrives. Sample headlines only, with no prices attached.