Daily brief · 2026-09-03 to 2026-09-04

Daily brief: September 3, 2026

2 releases today: Waller inclined to hold rates if incoming data keep showing disinflation; and H.15. 8 figures below, each with the source it came from and whether it was found there.

Researched by Grok, checked against each source by an automated pass, edited by Clem Ziroli III. Published Sep 3, 2026, updated Sep 4, 2026.

Waller inclined to hold rates if incoming data keep showing disinflation

Federal Reserve Governor Christopher Waller, in prepared remarks for a Reuters NEXT Newsmaker interview on September 3, said that while inflation remains meaningfully above the FOMC's 2 percent goal, recent data suggest signs of disinflation. "If this continues in the data due over the next two weeks, I would be inclined to support holding the target for the federal funds rate at its current setting." He added that if incoming August data show the improvement has been fleeting, "it may be appropriate to raise the policy rate when the FOMC meets on September 15 and 16." He said 12-month PCE inflation was 3.7 percent and core PCE 3.3 percent, and that three-month core inflation was 3.05 percent through July, down from 4.76 percent in February.

FOMC inflation goal, as stated by Waller: 2% 2026-09-03
PCE inflation, 12-month, as stated by Waller: 3.7% 2026-07
Core PCE inflation, 12-month, as stated by Waller: 3.3% 2026-07
Three-month core inflation, as stated by Waller: 3.05% 2026-07 · prior 4.76% (2026-02)

Source: The Economic Outlook and Some Comments on My Policy Communication — Board of Governors of the Federal Reserve System. Also: Fed's Waller open to leaving rates unchanged in September if inflation cools.

all 4 figures found at the source

found FOMC inflation goal, as stated by Waller = 2% — at Board of Governors of the Federal Reserve System
found PCE inflation, 12-month, as stated by Waller = 3.7% — at Board of Governors of the Federal Reserve System
found Core PCE inflation, 12-month, as stated by Waller = 3.3% — at Board of Governors of the Federal Reserve System
found Three-month core inflation, as stated by Waller = 3.05% — at Board of Governors of the Federal Reserve System

H.15: 10-year yield at 4.79 percent, 30-year at 5.27 percent on September 2

The Federal Reserve's H.15 selected interest rates release dated September 3 listed Treasury constant-maturity yields for September 2 at 4.39 percent on the 2-year note, 4.79 percent on the 10-year note, and 5.27 percent on the 30-year bond. The effective federal funds rate was 3.63 percent. The 10-year and 30-year yields were unchanged from September 1.

2-year Treasury yield: 4.39% 2026-09-02 · prior 4.39% (2026-09-01)
10-year Treasury yield: 4.79% 2026-09-02 · prior 4.79% (2026-09-01)
30-year Treasury yield: 5.27% 2026-09-02 · prior 5.27% (2026-09-01)
Effective federal funds rate: 3.63% 2026-09-02

Source: H.15 Selected Interest Rates (Daily), September 3, 2026 — Board of Governors of the Federal Reserve System.

all 4 figures found at the source

found 2-year Treasury yield = 4.39% — at Board of Governors of the Federal Reserve System
found 10-year Treasury yield = 4.79% — at Board of Governors of the Federal Reserve System
found 30-year Treasury yield = 5.27% — at Board of Governors of the Federal Reserve System
found Effective federal funds rate = 3.63% — at Board of Governors of the Federal Reserve System

4 further items were researched for this day and held back: their figures could not be found at the named source by the automated pass, so they are not published here.

Items summarise what the named sources published in the window; they are not this site's own findings. Figures are as those sources printed them. The methodology says how this page is made and what is checked.