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Daily brief · Sunday, August 30 – Tuesday, September 1, 2026

Daily brief: September 1, 2026

Sourced items from the research window. Each carries its primary source; the verification state beside each item is set by a separate check, and the brief is published only after the editor has read both.

Researched by Grok; edited by Clem Ziroli III. Published Sep 1, 2026, updated Sep 2, 2026. 2 of 5 items had their figures found verbatim at the source by the automated check.

  1. Fed Governor Michael Barr speech (Sept. 1)

    Barr said inflation “remains too high — and has been for over five years,” that progress from a 2022 peak above 7 percent “stalled in 2025,” and that tariffs, the Middle East conflict, and the AI buildout pushed the path off course. On the September 15–16 FOMC: if incoming data give him confidence inflation is moderating toward 2 percent, “we can take a bit more time”; if it “appears not to be moderating sufficiently,” “we should act decisively to raise rates.” Labor market described as stable with relatively low unemployment.

    Source: Federal Reserve prepared text — Second-Chance Lending Forum, Washington, D.C.

    Figures checked against the source: 3 figures and 5 quoted phrases found at the source

  2. JOLTS — July 2026 (released 10:00 a.m. ET Sept. 1)

    Job openings 7.271 million (4.4 percent rate), little changed. June revised down to 7.182 million from 7.359 million. July print below ~7.30 million consensus. Hires 5.1 million; quits 3.1 million (1.9 percent); layoffs and discharges 1.7 million. Durable-goods manufacturing openings +76,000.

    Source: BLS JOLTS release.

    Could not be checked against the source: source could not be read (HTTP 403)

  3. ISM Manufacturing PMI — August 2026 (released 10:00 a.m. ET Sept. 1)

    PMI 54.6 vs 55.6 in July vs 55.2 consensus. Eighth consecutive month of expansion. New orders 53.7 from 56.7; production 58.3 from 58.5; employment 51.2 from 52.8. Prices index unchanged at 71.1; supplier deliveries 59.3.

    Source: ISM Manufacturing PMI Report.

    Figures checked against the source: 11 figures found at the source

  4. Construction spending — July 2026 (released Sept. 1)

    $2,157.6 billion SAAR, −0.5 percent from revised June $2,167.7 billion, −3.8 percent from July 2025. Private residential −1.3 percent to $859.0 billion. Private nonresidential +0.4 percent; public −0.2 percent.

    Source: Census Bureau C30 PDF.

    Could not be checked against the source: source could not be read (PDF; not parsed)

  5. Treasury yields into September

    30-year near 5.24–5.27 percent. Bloomberg: 55 closes above 5 percent year-to-date, most such sessions since 2006. 10-year near 4.75–4.78 percent, highest since January 2025. Fed funds futures: traders pricing about a 66–68 percent chance of a 25 bp hike at the Sept. 15–16 meeting (WSJ/CME, morning of Sept. 1).

    Source: Bloomberg 30-year stretch.

    Could not be checked against the source: source could not be read (HTTP 403)

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