Seven charts on the macro backdrop
Public-domain data from the Federal Reserve Economic Data (FRED) service, refreshed periodically. Every chart states its exact formula, source series and latest observation date, and notes where data may be revised.
US corporate equity market value / M2
How large is the quoted value of US nonfinancial corporations relative to the money supply?
Corporate debt / GDP
How large is nonfinancial corporate debt relative to the economy?
Nominal GDP vs real GDP
How much of GDP growth reflects higher output versus higher prices?
Wages vs consumer prices
Have private-sector hourly earnings kept pace with consumer prices?
Ten-year Treasury yield vs inflation
How does the nominal ten-year yield compare with recent CPI inflation?
USD/JPY over 40 years
How strong is the yen against the US dollar compared with the past four decades?
Inflation-adjusted trade-weighted yen
How weak is the yen once inflation and trading-partner currencies are accounted for?
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