Daily
SWERECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/5/2020 - 9/30/2022
Summary
The 'Daily' economic trend, measured by the St. Louis Fed's SWERECD series, tracks daily U.S. economic output. This key metric provides timely insights into the current state of the economy for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Daily' economic indicator represents an estimate of the current level of U.S. gross domestic product (GDP) based on high-frequency data. It is used to gauge the pace of economic activity and identify turning points in the business cycle.
Methodology
The SWERECD series is calculated using a dynamic factor model that combines multiple real-time economic indicators.
Historical Context
This daily economic trend is closely monitored by the Federal Reserve and other institutions to inform policy decisions and market forecasts.
Key Facts
- The 'Daily' series provides a near real-time signal of U.S. economic performance.
- It is updated each business day, allowing for faster identification of economic shifts.
- The SWERECD indicator is based on over 80 high-frequency data sources.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' trend estimates the current level of U.S. gross domestic product (GDP) based on a variety of high-frequency data sources.
Q: Why is this trend relevant for users or analysts?
A: The daily GDP estimate provides timely insights into the state of the economy, allowing for faster identification of turning points in the business cycle.
Q: How is this data collected or calculated?
A: The SWERECD series is calculated using a dynamic factor model that combines over 80 high-frequency economic indicators.
Q: How is this trend used in economic policy?
A: The 'Daily' economic trend is closely monitored by the Federal Reserve and other institutions to inform policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The SWERECD series is updated each business day, providing near real-time insights into the state of the U.S. economy.
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Citation
U.S. Federal Reserve, Daily (SWERECD), retrieved from FRED.