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Gross Domestic Product (GDP): Formula and how to use it
What is Gross Domestic Product (GDP) Gross Domestic Product (GDP) is a measure of the economic activity of a country. It is the total monetary value of all the goods and services produced within a country’s borders in a specific period, usually a year. GDP is often used as an indicator of a country’s economic Continue Reading
Federal Interest Rates: 5 ways they affect your money
What is the U.S Federal Interest Rates The Federal Reserve (Fed) sets the interest rates that banks charge each other for short-term loans, known as the federal funds rate. The federal funds rate is the benchmark for other interest rates, such as mortgage rates, credit card rates, and car loan rates. The Fed has two Continue Reading
Federal Funds Rate: What it is and why is important
What is the U.S Federal Funds Rate The U.S Federal Funds Rate refers to the interest rate at which depository institutions lend and borrow money from each other overnight to maintain their reserve requirements set by the Federal Reserve. The Federal Reserve sets a target for the Federal Funds Rate, and then uses open market Continue Reading
Consumer Price Index (CPI): Understanding its importance on the economy
What is the U.S Consumer Price Index (CPI) The U.S Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The CPI is widely regarded as one of the most important economic indicators in the United Continue Reading
Consumer Confidence Index (CCI): 5 ways that the (CCI) can affect you and why it is important
What is the Consumer Confidence Index The Consumer Confidence Index (CCI) is a survey-based economic indicator that measures the level of optimism that consumers have in the economy. The CCI is released monthly and is closely watched by economists, investors, and policymakers as an important gauge of the health of the U.S. economy. Understanding how Continue Reading
