fred_md
Retrieve monthly FRED-MD economic data to construct diffusion indexes and factor estimates for business cycle analysis and forecasting.
Instructions
The accompanying paper shows that factors extracted from the FRED-MD dataset share the same predictive content as those based on the various vintages of the so-called Stock-Watson data. In addition, it suggests that diffusion indexes constructed as the partial sum of the factor estimates can potentially be useful for the study of business cycle chronology. :param date: e.g., "2020-03"; from "2015-01" to now :type date: str :return: Monthly Data :rtype: pandas.DataFrame
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| date | No | 2020-01 |