TRA Macro Tracking Index

Current Outlook

Yields and the dollar were mostly flat or nominally up today. Looks like the cease fire applies to land based targets, since both Iran and the U.S. are interceding ships. All else being equal, consumer sentiment remains very weak, consumer spending and the labor market are roughly okay, and inflation remains hot while GDP growth is tracking below targets.

Stay tuned for more data this week. More data drops next week that could give us a better sense of where the economy is.

Variable + DateValueDirection
Macro Indicators as of April 23, 2026
10 Year Yields14.29→ Flat
U.S. Dollar Index298.595↑ Up
Consumer Confidence as of April 10, 2026
MSCI347.6↓ Down
Conference Board491.2↑ Up
GDP as of April 21, 2026
GDPNow51.2%↓ Down
Unemployment as of April 3, 2026
Unemployment64.3%↓ Down
Inflation as of April 9, 2026
Core PCE73.0%↓ Down
Containerized Freight Index as of April 1, 2026
TSI8136.4↓ Down