Everybody Loves FRED: How America Fell for a Data Tool

Published On Dec 6, 2024, 5:00 AM

The article discusses the rising popularity of FRED (Federal Reserve Economic Data), a data tool from the St. Louis Fed that has become highly influential due to its accessibility and user-friendly graphs. With nearly 15 million users reported in 2023, FRED is utilized for a variety of economic data inquiries, appealing to a diverse audience. Its charts have gained traction across the political spectrum and are often used by economists and educators, reflecting its vital role in economic discussions and decision-making.

Read full article

Stock Forecasts

AI prediction results, not representative of any investment advice.

VFH View VFH chart on TradingView

Positive

FRED's increasing popularity suggests a growing interest in economic data accessibility and analytics, which could benefit financial services, fintech companies, and educational institutions focused on economic studies.

Related News

Why Janet Yellen wants more Americans to have a bank account

Oct 29, 2024, 4:00 AM

Treasury Secretary Janet Yellen is releasing a plan Tuesday designed to ensure more Americans have bank accounts and access to affordable credit, outcomes that she argues will create a stronger and more equitable economy.

VFH

Ministers complain to Treasury over spending cuts

Oct 17, 2024, 2:54 AM

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.

VFH

Victims of Stanford Financial’s Fraud Scheme May Soon Be Paid. Some Already Sold Their Claim.

Oct 7, 2024, 10:19 AM

Not having much insight into what may happen next in the case of a fraud orchestrated by Robert Allen Stanford, many of the victims sold the rights to any future payout.

VFH