The Labor Market’s New Math

Published on September 14, 2026

The recent employment report provided reassurance that the US labor market remains resilient. The economy added 162,000 jobs in August; the previous two months’ gains were revised higher by a combined 55,000, and the unemployment rate held steady at 4.1%.

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Expectations for Monetary Policy as Treasury Yields Reach Multi-Year Highs

September 14, 2026
As policymakers adapt to new leadership, navigate a challenging geopolitical backdrop and contend with meaningful internal debate over the path of interest rates, the stakes remain high. Below, we discuss what to expect from next week’s Federal Reserve (Fed) meeting and provide perspective on the recent rise of Treasury yields to multi-year highs.

Fed Preview: Boxed In

September 14, 2026
Occasionally, we are confronted with decisions where there are no easy options. The prevailing circumstances bound our choices, and we may face criticism no matter what we do. Collectively, the Federal Open Market Committee (FOMC) finds itself in just such a situation as it prepares for its upcoming meeting.