Federal Reserve Economic Data

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2024-11-19 07:30:04

Federal Reserve Economic Data (FRED) is a database maintained by the Research division of the Federal Reserve Bank of St. Louis that has more than 816,000 economic time series from various sources.[ 1] They cover banking, business/fiscal, consumer price indexes, employment and population, exchange rates, gross domestic product, interest rates, monetary aggregates, producer price indexes, reserves and monetary base, U.S. trade and international transactions, and U.S. financial data. The time series are compiled by the Federal Reserve and many are collected from government agencies such as the U.S. Census and the Bureau of Labor Statistics.

ALRED (Archival Reserve Economic Data) lets users retrieve vintage versions of economic data that were available on specific dates in history. The ALRED website states that “In general, economic data for past observation periods are revised as more accurate estimates become available. As a result, previous vintages of data can be superseded and may no longer be available from various data sources." It also says that "Vintage or real-time economic data allows academics to reproduce others’ research, build more accurate forecasting models and analyze economic policy decisions using the data available at the time.”[ 2]

GeoFRED is a data-mapping tool that displays FRED data series in color-coded form on the state, metropolitan statistical areas and county levels.[ 3]

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