A sample edition

On a phone, swipe sideways to read the full width. Levels are as of that morning and are not updated on this page. Corrected for this page: The Read said the FDIC’s Q2 profile showed margins still compressing; the FDIC reports the industry margin up 1 basis point. The equity values and their date labels are corrected to the Sep 24 closes (FRED); the Nasdaq and Dow values shown before were the Sep 23 closes. The Read said the curve lifted rather than steepened; 2s10s steepened 5 bp on the day. Market-implied odds, the dollar, oil, gold and wholesale funding indications are omitted: no primary source for the Sep 24 close was available. The Regulatory Watch dated the supervision rule Sep 1, 2026; the agencies issued it Aug 27, 2026 (Sep 1 was its Federal Register publication). The Read said the dot plot clusters year-end near 4.1–4.4%; that range is the Fed’s published central tendency, and the median is 4.1%. One sentence said AFS marks were higher; higher yields lower AFS market values and deepen unrealized losses. The FDIC figures now say what they measure: net income up 12% from the prior quarter, and domestic deposits up 0.8% from the prior quarter. Deposit rates are labelled as APYs from Bankrate’s lists, not a market-wide survey. The losses line said they were down substantially from their peak; the FDIC reports them up slightly on the quarter, at 5.5% of amortized cost against 6.8% a year earlier. An item saying bank consolidation is accelerating is removed, and the merger-rule item no longer says consolidation activity is picking up: neither cited a primary source. The masthead and the rates heading now date each level: the Treasury curve is the Sep 24 close; EFFR, SOFR and the investment-grade spread are Sep 23 prints; policy rates are from the Sep 16 decision; other figures carry their own dates.