Chart assignment
Charts to read and discuss
Read each chart, then answer its questions. Every chart shows its source and date; open it for a table of the numbers and the data to download.
Chart 1 of 2 · Federal budget
How much US debt does the Federal Reserve own?
The interactive chart needs JavaScript. The numbers are on the chart's page.
The Federal Reserve held $4.58 trillion of Treasury securities on October 28, 2026, compared with a peak of $5.77 trillion in May 2022. Its holdings jumped when it bought Treasuries to support the economy after the 2008 financial crisis and in the 2020 pandemic, when they more than doubled in two years, and fell as it let them run off from 2022. Each point is the last weekly figure of the month, including TIPS' inflation adjustment.
Questions to discuss
- In one sentence of your own, what does this chart show?
- Find the biggest change or difference in the chart. What might explain it?
- Who collected these numbers, and how recent are they? What else would you want to know before drawing a conclusion?
Source: Federal Reserve Bank of New York, System Open Market Account (SOMA) Holdings (The SOMA Holdings data is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication.) · Data as of Oct 28, 2026
Open the chart and its numbersChart 2 of 2 · Inflation
How fast are US prices rising?
The interactive chart needs JavaScript. The numbers are on the chart's page.
The inflation rate was 3.7% in September 2026: how much consumer prices changed from the same month a year earlier. Each point makes that comparison, back to 1914, the first year BLS can compare. Inflation peaked at 23.7% in June 1920 and at 14.8% in March 1980; the 9.1% of June 2022 was the highest since 1981. Prices fell as fast as 15.8% a year in 1921 and 10.7% in 1932. BLS collected no prices in October 2025, during a lapse in federal funding, so that month and October 2026 are missing.
How to read this chart
Each point compares consumer prices in a month with the same month a year earlier. A value of 3 means things cost about 3% more than a year before; below zero means prices fell. The chart shows how fast prices change, not how high they are.
Questions to discuss
- Find two times when inflation was highest. What was happening in the country then?
- If inflation falls from 8% to 3%, are prices going down, or just rising more slowly?
- Find a stretch when the line is below zero. Why might falling prices be bad news for workers and businesses?
Source: U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U, all items) (Public domain (U.S. government work)) · Data as of Sep 30, 2026
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