United States Economy
Real GDP Growth Rate
Percentage Change from Previous Year, Seasonally Adjusted, Annual Rate
Percentage change of real GDP compared to the previous year. The real GDP is the inflation-adjusted value of goods and services produced in the United States.
Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis
Inflation Rate
Percentage Change from Previous Year, Not Seasonally Adjusted
Percentage change of the consumer price index (CPI) compared to the previous year. The consumer price index is defined as the change in the cost to urban consumers for acquiring a basket of typically purchased goods and services.
Source: U.S. Bureau of Labor Statistics, retrieved from FRED, Federal Reserve Bank of St. Louis
Federal Funds Target Range (Upper Limit)
Percent
The federal funds rate is the interest rate that banks have to pay to other banks for borrowing money on an overnight basis. The Federal Open Market Committee (FOMC) sets a target range for this rate and tries to reach that target by adjusting money supply.
Source: Board of Governors of the Federal Reserve System, retrieved from FRED, Federal Reserve Bank of St. Louis
Manufacturing Output Growth Rate
Percentage Change from Previous Year, Seasonally Adjusted
Percentage change of manufacturing production compared to the previous year. Manufacturing production is part of the industrial production index. The industrial production index measures the real output of the manufacturing.
Source: Board of Governors of the Federal Reserve System, retrieved from FRED, Federal Reserve Bank of St. Louis
Weekly Initial Jobless Claims
Number, Seasonally Adjusted
Number of people that have filed to receive unemployment insurance benefits in the previous week. Initial unemployment claims is a report issued by the U.S. Department of Labor on a weekly basis.
Source: U.S. Department of Labor, retrieved from FRED, Federal Reserve Bank of St. Louis
Consumer Spending
Percentage Change from Previous Month, Seasonally Adjusted, Annual Rate
Percentage change of consumer spending compared to the previous month. Personal Consumption Expenditures (PCE) measures the amount of dollars Americans spend on goods and services. As consumer spending accounts for about two-thirds of domestic spending, it is the primary source of future economic growth.
Source: U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis