A leading indicator of consumer spending that gauges public confidence about the health of the U.S. economy through a survey of opinions on various economic factors.
The Dow Jones Industrial Average (DJIA) is a widely-recognized stock market index that tracks the performance of 30 major publicly traded companies in the United States.
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that determines the direction of monetary policy specifically by directing open market operations.
The Federal Reserve Board (FRB) is the governing body of the Federal Reserve System, responsible for setting key policies, including reserve requirements, bank regulations, and discount rates.
The Federal Reserve System, established by the Federal Reserve Act of 1913, is the central banking system of the United States, playing a crucial role in regulating the country's monetary and banking system.
Gross Domestic Product (GDP) is the market value of all goods and services produced within a country during a specific period, usually annually or quarterly. It serves as a comprehensive measure of national economic activity and health.
Monthly statistic released by the Federal Reserve Board (FRB) on the total output of all U.S. factories and mines. These numbers are a key economic indicator.
An economic system combining private and public enterprise, where both market forces and government intervention are used to determine the allocation of resources and prices.
No-growth describes a condition of little or no economic expansion as measured by changes in the Gross Domestic Product (GDP).
Personal Consumption Expenditures (PCE), provided by the Bureau of Economic Analysis (BEA), measure the goods and services purchased by households and nonprofit institutions serving households (NPISHs) residing in the United States.
The Personal Consumption Expenditures Price Index (PCEPI) is a U.S. economic indicator that measures the average increase in prices for all domestic personal consumption. This index is based on data from sources such as the Consumer Price Index and Producer Price Index, and it is indexed to a base value of 100 in 2005.
A weak dollar refers to a situation where the value of the U.S. dollar has fallen relative to other foreign currencies. This results in the dollar’s decreased purchasing power in comparison to other currencies such as the pound, yen, euro, or francs.
