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The Federal Reserve Bank of St. Louis is the center of the Eighth District of the Federal Reserve System. This District includes Arkansas, eastern Missouri, southern Illinois and Indiana, western Kentucky and Tennessee, and northern Mississippi.

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How to Fill Out the FAFSA (2020) | Personal Finance 101

#personalfinance #economiceducation To be considered for any type of aid — grant, scholarship, or loan — all aspiring post-secondary students must complete a FAFSA. This video walks you through the online Free Application for Federal Student Aid to show what information you’ll need to complete the FAFSA quickly and accurately. -Online version at https://studentaid.gov/ or on the myStudentAid mobile app -FAFSA on the Web Worksheet available at...

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Interest on Reserves & Monetary Policy | #LetsFREDthat

#dataliteracy #teachecon #economics Before the Great Recession, the federal funds rate was influenced by buying and selling relatively small quantities of Treasury securities in the open market. Now, the Federal Reserve uses the interest rate on reserves to influence the fed funds rate and steer it within its upper and lower target range limits. Learn how this works in this short video. EDUCATORS - the Fed’s new monetary policy tools include interest on reserves and the overnight...

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How Did COVID-19 Affect Retail Sales and Employment? | #LetsFREDthat

#dataliteracy #economics This short video uses the St. Louis Fed's free economic database, FRED, to chart the impact of COVID-19 on U.S. retail sales and employment levels. FRED graphs featured in this video include: -https://fred.stlouisfed.org/graph/?g=y7bO Advance Retail Sales: Food Services and Drinking Places; Advance Retail Sales: Food and Beverage Stores; and "CPIAUCSL" to adjust sales figures for cost of living. -https://fred.stlouisfed.org/graph/?g=qVn9 To show the...

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How Diverse Perspectives Improve Economics | 2020 Webinar

This Federal Reserve Education event (recorded Nov. 18, 2020) features Atlanta Fed President Raphael Bostic. He discusses how diverse perspectives can improve the economics field. Following Bostic's keynote, a panel of notable participants answers audience and moderator questions: -Betsey Stevenson, Professor of Public Policy and Economics, University of Michigan. -Darrick Hamilton, Director, Institute for the Study of Race, Stratification and Political Economy; Henry Cohen Professor of...

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Let’s talk turkey prices : …as well as prices in Turkey

[embedded content] If you know this blog, you may have been expecting a holiday-themed post this week. We did our best, but—spoiler alert—it’s a bait and switch. We don’t have any recent price data on turkey meat. What we do have are recent price data on meat in Turkey. And, as you can see from the FRED graph above, that nation suffers from chronically high price inflation. (FYI: FRED has over 2,000 series of Turkish data.) This year, Thanksgiving is more challenging in the U.S. not...

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The state of decline in retail sales : Using new Census data to compare U.S. states

View on GeoFRED® FRED recently added more new data from the Census Bureau: 11 categories of retail sales for U.S. states. A previous post looked at national declines in retail sales, and national data continue to show the pandemic’s damaging effects on this sector. As with most economic measures, though, the effects aren’t equally distributed across the nation. So let’s use GeoFRED maps to examine individual state experiences—specifically, July 2020 sales compared with July 2019 sales...

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Replicating economic research…on gasoline affordability

[embedded content] Here at the FRED Blog, we believe it’s important to be able to replicate economic analysis, which begins by identifying the data used in that analysis. That’s why FRED Blog posts include a list of the data series used to build the graphs. Moreover, all FRED data series themselves include a suggested citation. The FRED graph above can help us reproduce some research published in our Economic Synopses series: “Gasoline Affordability.” The essay, published in 2004,...

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Are we still in a recession? : What to expect from the NBER business cycle dating committee

[embedded content] The Downturn and Rebound April 29, 2020: In its advance estimate, the Bureau of Economic Analysis (BEA) reported that real GDP for the first quarter of 2020 fell at a 4.8% annual rate. May 8, 2020: The Bureau of Labor Statistics reported that nonfarm payrolls fell by 20.5 million in April—the largest one-month percentage decline on record (dating back to 1939). June 8, 2020: The National Bureau of Economic Research Business Cycle Dating Committee (NBER BCDC) announced...

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From inflation targeting to average inflation targeting : The Fed’s new long-run monetary framework

[embedded content] Since 1996, it has been understood among Fed policymakers that the (undeclared) target for inflation was around 2%. In January 2012, Chairman Ben Bernanke made this implicit inflation target explicit and official, thereby aligning the Fed’s inflation target with that of all the major central banks. In this framework, when inflation has approached or exceeded the traditional 2% target, even temporarily as it did in 2018, the FOMC has responded by raising the baseline...

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How to read Indeed job posting data

[embedded content] Tracking the availability of new jobs is no easy task. But FRED recently added online job postings data from Indeed. These data are presented in an interesting way, so some explanation is in order. First, the data cover a 7-day moving average of job postings on Indeed.com as well as other online platforms. Indeed makes every effort to remove duplicate job postings from these counts, but doesn’t include job postings that are not found online. The proportion of online...

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