Market snapshot · Aug. 12, 2026 close
The American Filing
Photo by Joel de la cruz on Pexels
The Federal Open Market Committee left its benchmark rate at 3.50%-3.75% in a 9-3 vote, the widest split of Kevin Warsh's brief tenure as chair, with three regional presidents arguing that five years of above-target inflation demands tightening.
Inflation, jobs, growth and the Federal Reserve
The Fed chair speaks in Wyoming on August 28 with September's decision near a coin flip, and he has already told reporters the speech is a blank sheet of paper.
Indexes, earnings and the trading day
The Dow added 518 points and the S&P 500 rose 0.43% to 7,674.37 as bond markets calmed, though all three indexes ended a turbulent week in the red with financials and crypto-linked shares leading the bounce.
Lenders, regulators and the plumbing of credit
Banks, issuers and consumer groups filed their last arguments Friday on identification and anti-money-laundering standards, as regulators work through a statutory deadline they have already missed.
Filing seasons, rulings and the tax code
Eligible funds must track a broad equity index of mostly American companies, use no leverage, charge no annual account fee and carry expenses of no more than 0.1% of the balance.
Deals, IPOs and the corner office
Revenue rose 5.9% to $187.9 billion with e-commerce up 23%, but the slowest U.S. comparable sales growth in six years and a cautious third-quarter outlook sent the shares tumbling.
Mortgages, housing supply and commercial property
The 30-year average declined for a second straight week even as the 30-year Treasury yield touched its highest level since 2007 — a divergence that says more about spreads than about relief.
Digital assets, rules and market swings
The price closed Friday near $76,900 after briefly topping $79,000, recovering from about $62,800 at the start of the week as a Treasury buyback announcement and a legislative push lit a short squeeze.
