Last week the Federal Reserve Bank of St. Louis though its data service known as FRED (Federal Reserve Economic Data) released major updates. Being true Economic data nerds, much of the weekend was spent trolling through the enhancements and updates.
St Louis Fed, Our Tax Dollars Well Spent
Often times it is easy to throw the US’s use of tax dollars under the wasteful bus, but this cannot be said about the St. Louis Fed (FRED) expenditures. With 150,00 data series from 59 different sources, their work is superb, and best of all, free!
Here are two key data points that the FOMC is watching pulled from the new FRED site.
Civilian Unemployment Rate- FOMC GO Target 6.5%, currently 7.3%
CPI or Inflation rate- FOMC Target toward 2% currently 1.2%
Short Week Schedule
The Thanksgiving Holiday is honored on Thursday with Capital Markets being closed, and only partially open on Friday. Cathy is off on Wednesday, Donald is flying out-of-state to visit family, and the office will be closed on Friday … Of course I will be loosely electronically tethered just to be safe throughout the week.
Have a Great Monday!
John Kvale CFA, CFPhttp://www.jkfinancialinc.com http://www.street-cents.com 8222 Douglas Ave # 590 Dallas, TX 75225