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Government Headlines
CPI
Real Rates
GDP
M2 $ Supply
CPI value pulled from U.S. Bureau of Labor Statistics 2024 Cost of Living Index (COLI) designed to measure the cost of maintaining a given standard of living. https://www.bls.gov/cpi
Real Return calculated by subtracting government CPI from the greatest UST yield at the time of CPI release. UST yields value pulled from: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2024
YoY taken by annualizing QoQ rate. GDP value acquired from U.S. Bureau of Economic Analysis, Real Gross Domestic Product [GDPC1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDPC1
Percent change calculated by comparing last month M2 supply to current month. Data acquired from Board of Governors of the Federal Reserve System (US), M2 [M2SL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2SL


GOVflation Headlines
CPI
Real Rates
GDP
M2 $ Supply
CPI based on U.S. Bureau of Labor Statistics 1980 Cost of Goods Index (COGI) designed to measure the cost of maintaining a constant standard of living. https://nap.nationalacademies.org/
Real Return calculated by subtracting GOVflation CPI from the greatest UST yield at the time of CPI release. UST yields value pulled from: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2024
YoY taken by annualizing QoQ rate. GDP calculated by using GOVflation CPI (excluding imports) as GDP deflator applied to GDP acquired from U.S. Bureau of Economic Analysis, Gross Domestic Product [GDP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDP
Money Supply % growth baselined relative to pre-pandemic (Feb 2020) liquidity levels.
Percent change calculated by comparing last month "Net Liquidity" to current month.
Data includes sum of RRP, TGA, BTFP, FED's Balance Sheet, and M1 acquired from Board of Governors of the Federal Reserve System (US), M1 [M1SL], retrieved from FRED, Federal Reserve Bank of St Louis
https://fred.stlouisfed.org/series/M1SL
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