◀ All past puzzles

Guess Macro — Wednesday, August 26, 2026

The five questions from Wednesday, August 26, 2026, with their answers. This puzzle is no longer playable; today's game is on the home page, and the last seven days can still be played in the practice archive.

1 As US federal debt hit a record $40 trillion this week, the Treasury secretary told CNBC that the department's operation to repurchase 10-, 20- and 30-year bonds could run well beyond the $4 billion first announced. Give his surname.

Answer: BESSENT (7 letters)

2 While chip stocks such as Micron and AMD slid over the week to Aug 21, the largest cryptocurrency by market value jumped about 22%, dragging Robinhood up almost 14% and Coinbase 8% higher. Name that digital asset.

Answer: BITCOIN (7 letters)

3 Wall Street expects this Santa Clara chip designer to report roughly 99% earnings growth to $2.09 a share on revenue near $92 billion when it reports after Wednesday's close, the most watched result of the quarter. Name the company.

Answer: NVIDIA (6 letters)

4 In monetary economics, this is the profit an issuing authority earns from putting money into circulation: the gap between a coin or note's face value and the cost of producing and distributing it. What is the term?

Answer: SEIGNIORAGE (11 letters)

The profit a government earns from issuing currency - the difference between a unit of money's face value and what it costs to produce.

More on seigniorage in the glossary

5 Desks heading into late summer often cite the fact that August and September have historically delivered the weakest average equity returns of the year. What single word describes such recurring calendar-linked patterns in market returns?

Answer: SEASONALITY (11 letters)

A recurring pattern tied to the time of year rather than to the underlying trend.

More on seasonality in the glossary

Play today's puzzle