TRA Macro Tracking Index
Current Outlook
Yields and the dollar are mainly flat. Macro conditions still look reasonably soft, and with key economic data still in a vacuum, markets are indicating increasing optimism around a December rate cut (what a difference a week makes!).
Have a wonderful Thanksgiving.
| Variable + Date | Value | Direction |
|---|---|---|
| Macro Indicators as of November 26, 2025 | ||
| 10 Year Yields1 | 4.034 | ↑ Up |
| U.S. Dollar Index2 | 99.744 | → Flat |
| Consumer Confidence as of November 26, 2025 | ||
| MSCI3 | 51 | → Flat |
| Conference Board4 | 88.7 | ↓ Down |
| GDP as of November 25, 2025 | ||
| GDPNow5 | 4.0 | ↓ Down |
| Unemployment as of November 20, 2025 | ||
| Unemployment6 | 4.4% | ↑ Up |
| Inflation as of August 29, 2025 | ||
| Core PCE7 | 2.90% | ↑ Up |
| Containerized Freight Index as of November 13, 2025 | ||
| TSI8 | 136.2 | ↓ Down |