The economy is covered one event at a time — it has to be. Phoebe was built to read it whole.
Phoebe reads a handful of public reports together — past the headline numbers — and weighs the full picture against markets and the Fed’s next move. It’s a smaller job than the coverage makes it look — and one anyone can learn. Read it whole, and data can be your best friend.
The Latest Read
The read · narrated
The Weekly Read — the repricing was seven days old before the jobs number printed
Three weeks in one read, and a single thread: every yield on the curve rose except the 30-year, which fell one basis point. The 2-year added 20 — but 14 of them landed in a single session, the morning the Chair spoke at Jackson Hole, a full week before the hot August payroll that got the credit. Underneath that count, pay slowed to a five-year low and quits sat below their pre-pandemic norm. What that leaves for September 16 is the read.
What Drops Next
The earliest warning light — who filed for unemployment last week. The read lands here when it drops.
Get the read when it drops
One plain-English video read per release, the morning it lands. No noise, no spam.
The Weekly Read
Where the Data Stands
October’s CPI rose 0.4% and core 0.3% for a third straight month — a 3.7% pace over three months, with no 12-month rate after last fall’s shutdown. Energy stepped back to about a seventh of the rise; services carried core, and goods rose a fourth straight month. Does services’ pace show up in the Fed’s own gauge too? Next answers: PCE November 25 · CPI December 10.
This is the whole handful — the releases Phoebe reads in full when they drop, plus the rates they move; the Weekly Read puts it together.
See the full board ▾Hide the full board ▴
| Series | Latest | Trend | Next |
|---|---|---|---|
| Inflation (CPI) | +0.4% OctNov 10 | ▲ core +0.3%, 3rd straight — 3.7% 3-mo pace; no 12-mo rate (shutdown gap) | Dec 10 |
| Inflation, the Fed's gauge (PCE) | 3.6% SepOct 29 | ▲ core 3.1%, at a 2.9% pace for 3 months; real spending flat | Nov 25 |
| Wholesale prices (PPI) | 6.3% SepOct 15 | ▲ from 5.6% — biggest month since 2022; gas stations absorbed the fuel | Nov 13 |
| Jobs added (payrolls) | +165,000 jobsNov 6 | ▲ Aug–Sep revised up 84,000; job searches longest since 2021 | Dec 4 |
| Jobless claims | 189K filingsNov 5 | ▼ filings avg lowest since Sept 1969; collecting +23K, its average flat | Thu |
| Job openings & turnover | 7.52M openNov 3 | ▲ quits highest since June 2025, mostly restaurants; hiring flat | Dec 1 |
| Growth (GDP) | 3.4% Q3Oct 29 | ▲ up from 2.2%; demand 4.9%; consumers +2.5 pts, the build +1.6 | Nov 25 |
| Consumer spending (retail) | +0.8% SepOct 15 | ▲ dollars up, but 71% of the gain was gas; volume +0.1% | Nov 17 |
| Fed funds target | 3.75–4.00%set Sep 2026 | ▲ raised ¼ pt in September 2026; held in October | Dec 9 |
| 10-yr Treasury | 4.98%Nov 10 | ▲ +3 bps over 5 days · the rate behind mortgages | daily |
| 30-yr mortgage | 7.18%Nov 5 | ▲ +0.96 over the past year | weekly |
| Debt interest cost | ~$1.1T/yrfiscal year 2026 | 3.3% of GDP · the most on record in this series | quarterly |
Sources: Bureau of Labor Statistics, Bureau of Economic Analysis, Census Bureau, Department of Labor, the Federal Reserve, Freddie Mac, and the U.S. Treasury — directly or via FRED.
Explainers to read if you want to impress your family and friends.
How Phoebe Reads the Economy
The economy is one connected chain — read it the way it moves, tab by tab. It starts with jobs and lands in your wallet.