1281 vizualizações
This is the United States inflation rate, based on the total Consumer Price Index published by the U.S. Bureau of Labor Statistics.
Option to toggle:
A line to display the inflation rate in December. It does not change until the next December.
What the color change to red is indicative of:
According to the Federal Open Market Committee (FOMC) regarding inflation rate, "2% is a bae number to be around". This does not imply a strict 2% inflation for success and allows room for federal rate cuts should they be needed.
Although FOMC declared 2% to be "bae" in 2012, James Bullard, of federal banking fame, claims that started to become the norm in 1995. Therefore the inflation rate line will only turn red 1995 onwards, and serves as a friendly reminder that inflation has been over at or over 2% for more than one month.
Sources:
https://www.bls.gov/cpi/
https://www.federalreserve.gov/newsevent...
https://www.stlouisfed.org/open-vault/20...
Option to toggle:
A line to display the inflation rate in December. It does not change until the next December.
What the color change to red is indicative of:
According to the Federal Open Market Committee (FOMC) regarding inflation rate, "2% is a bae number to be around". This does not imply a strict 2% inflation for success and allows room for federal rate cuts should they be needed.
Although FOMC declared 2% to be "bae" in 2012, James Bullard, of federal banking fame, claims that started to become the norm in 1995. Therefore the inflation rate line will only turn red 1995 onwards, and serves as a friendly reminder that inflation has been over at or over 2% for more than one month.
Sources:
https://www.bls.gov/cpi/
https://www.federalreserve.gov/newsevent...
https://www.stlouisfed.org/open-vault/20...
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Comentários