TRA Macro Tracking Index
Current Outlook
No material changes in credit markets apart from a comment from Fed Governor Waller who indicated that if inflation is on the right track, he may not see a need to hike rates in September. Credit conditions remain under pressure due to a broad bond market pull back that has taken re-started since the start of the Iran War.
Stay tuned for a critical new data drop on Friday when we will get the August labor market report.
| Variable + Date | Value | Direction |
|---|---|---|
| Macro Indicators as of September 3, 2026 | ||
| 10 Year Yields1 | 4.754 | ↓ Down |
| U.S. Dollar Index2 | 98.98 | ↓ Down |
| Consumer Confidence as of August 28, 2026 | ||
| MSCI3 | 51.7 | ↑ Up |
| Conference Board4 | 89.4 | ↓ Down |
| GDP as of August 26, 2026 | ||
| GDPNow5 | 4.6% | ↑ Up |
| Unemployment as of August 7, 2026 | ||
| Unemployment6 | 4.1% | ↓ Down |
| Inflation as of August 26, 2026 | ||
| Core PCE7 | 3.3% | → Flat |
| Containerized Freight Index as of September 1, 2026 | ||
| TSI8 | 134.9 | ↓ Down |