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- InsightsInfrastructure
The ten-year yield has risen in every year since 2020
Six annual observations, five changes, and not one of them negative. In the year the overnight policy rate fell 0.93 points, the ten-year rose again.
- InsightsHousing & Urban Development
Housing units authorised by permit fell in every year after 2021 and are now below their 2020 reading
The series peaked at a monthly average of 1734 thousand units in 2021 and has come down in each of the four years since, to 1431 in 2025. The thirty-year mortgage rate reached its own high in 2023 and has eased in the two years since, and authorisations fell in both of them.
- InsightsMacroeconomics & Markets
Producer prices fell in two straight years and are still below the 2022 peak
The all-commodities producer price index reached 264.5 in 2022, fell twice, and at 260.3 in 2025 has not regained it. It also sits 65.9 points above 2020.
- InsightsEconomic Security
Federal debt rises every year but the annual addition has no trend
The stock goes from 28.7 to 37.1 trillion dollars across five observations. The four annual additions behind that run 2.1, 1.9, 2.6 and 1.8 trillion, and the most recent is the smallest of them.
- InsightsWorkforce & Skills
The fall in unemployment was finished by 2022, and the rate has risen since
The rate dropped from 8.1 percent in 2020 to 3.7 in 2022, reached a low of 3.6 in 2023, and has risen in both readings since, to 4.3.
- InsightsEconomic Security
American payrolls keep growing, and each year adds less than the one before
Total nonfarm payrolls rose in every annual reading from 2020 to 2025. The size of the rise has fallen three years running, from 6.2 million jobs to 700,000.
- InsightsEconomic Security
Retail sales rose in every year of the window, counted in dollars
The monthly rate went from 601.2 billion dollars in 2021 to 724.4 in 2025 with no down year. The largest single-year rise landed in the same year as the largest rise in the price level.