Daily Rundown

March 27, 2026

Chart of the Day

Number of the Day

1.8 million - Continuing unemployment claims in the week of March 8, equaling the lowest level since May 2024

Quote of the Day

"It makes sense to take some time to assess conditions. I am particularly concerned that yet another price shock could increase longer-term inflation expectations." - Federal Reserve Governor Michael Barr

Thursday's Highlights

Initial unemployment claims (week of 3/15) rose by 5,000 to 210,000.

The Kansas City Fed manufacturing index (March) increased to a 44-month high 11.0 from a prior 5.0.

Quick Commentary

Next week's employment report is shaping up to show some improvement after payrolls fell in February, as jobless claims have moved lower this month while manufacturing activity has perked up. Hiring still looks to be limited, however, and remains at risk should the longstanding resilience in consumer spending waver in response to the near-term pressure on real income growth and the recent climb in long-term interest rates.

Today's Highlight

Consumer sentiment

Daily Trivia

Owing to limited year-to-year turnover, which Treasury secretary's signature is still the most prevalent on U.S. banknotes in circulation?

(Thursday's Question: Whose possessions were auctioned off after his 1718 death for 2,500 pounds, a small sum considering his reputation for plunder and buried treasure? Answer: Blackbeard)