National

Macro

Axios Macro

America's hated economic boom

New 12-year low in consumer confidence

A line chart that tracks the Conference Board consumer confidence index, with 1985 set to 100, from June 2013 to September 2026. The index ranges from 72 in November 2013 to 137.9 in October 2018. It fell to 81.9 in September 2026 after hovering near 90 to 99 in 2025-26.

Conference Board consumer confidence index

Data: Conference Board; Chart: Neil Irwin/Axios

Fed's Cook warns AI's inflationary pressure to continue in the near-term

Midterm pocketbook pain bites Trump

How AI could change the workforce

The economic legacy of the Biden immigration surge

Key inflation, employment data out this week

A column chart that shows monthly projected changes in U.S. payroll employment from October 2025 to September 2026. Payrolls range from minus 156,000 in February 2026 to 214,000 in March 2026. Gains and losses alternate early, then remain positive from March through September, easing to 98,000 by September.

Change in U.S. payroll employment

Data: Bureau of Labor Statistics, Bloomberg; Note: September 2026 number is median analyst projection; Chart: Neil Irwin/Axios

Markets

Axios Markets

Why the surge in bond yields could be a positive

Economists have been rethinking views on growth&nbsp;

Data: FactSet; Chart: Axios Markets/Matt Phillips

Fed decisions may influence long-term bond yields

A line chart that tracks the daily yield on the 10-year U.S. Treasury note from Sept. 22, 2025, to Sept. 24, 2026. The yield ranged from 3.97% on Feb. 27, 2026, to 5.14% on Sept. 24, 2026. It generally climbed after late February.

Yield on 10-year U.S. Treasury note

Data: Federal Reserve; Chart: Neil Irwin/Axios

Adapting to extreme heat takes more than changing the clock

Back to Economy

The developments that matter in where and how much people are working.