Macro Chartbook

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight.

Treasury yields across maturities — inversion (2Y > 10Y) historically signals recession.

Difference between 10-year and 2-year Treasury yields. Negative values indicate yield curve inversion.

Average 30-year fixed mortgage rate in the United States.

Quarterly annualized real GDP growth rate.

Percentage of the labor force that is jobless and actively seeking employment.

Total nonfarm employment — a key indicator of labor market health.

Weekly initial claims for unemployment insurance — a leading indicator of labor market stress.

Consumer Price Index for All Urban Consumers — measures average change in prices paid by consumers.

Personal Consumption Expenditures excluding food and energy — the Fed's preferred inflation gauge.

Market-implied inflation expectations over the next 5 years.

Producer Price Index — measures average change in selling prices received by domestic producers.

M2 money supply — includes cash, checking deposits, savings, money market funds, and small time deposits.

Total assets held by the Federal Reserve — reflects QE/QT activity.

Total consumer credit outstanding — includes revolving and non-revolving credit.

New privately-owned housing units started — a leading indicator of construction activity.

S&P/Case-Shiller U.S. National Home Price Index — tracks residential real estate prices.

University of Michigan Consumer Sentiment Index — measures consumer confidence.

OECD Composite Leading Indicator for the US — designed to anticipate turning points.

Market's expectation of 30-day forward-looking volatility — the "fear gauge".

U.S. trade balance in goods and services — negative values indicate trade deficit.

Trade-weighted U.S. dollar index against a broad group of currencies.