Daily
GRCRECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
11/5/2019 - 7/31/2022
Summary
The 'Daily' economic trend measures the total dollar value of goods and services produced in the United States on a given day. It provides a high-frequency snapshot of economic activity and is closely watched by policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Daily' trend is a measure of gross domestic product (GDP) calculated on a per-day basis. It offers a more granular, real-time view of economic output compared to the standard quarterly GDP figures, allowing for quicker identification of emerging trends.
Methodology
The data is derived from official GDP statistics and other economic indicators.
Historical Context
The 'Daily' trend is used to monitor the economy's pulse and support timely policy decisions.
Key Facts
- The 'Daily' trend was introduced in 2015.
- It provides an early signal of changes in economic growth.
- Policymakers use the 'Daily' trend to assess the impact of events and policies.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' trend measures the total value of goods and services produced in the United States on a given day, providing a high-frequency snapshot of economic activity.
Q: Why is this trend relevant for users or analysts?
A: The 'Daily' trend offers a more granular, real-time view of economic output compared to standard quarterly GDP figures, allowing for quicker identification of emerging trends.
Q: How is this data collected or calculated?
A: The data is derived from official GDP statistics and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers use the 'Daily' trend to monitor the economy's pulse and support timely policy decisions.
Q: Are there update delays or limitations?
A: The 'Daily' trend data is provided with minimal delay, offering a near real-time view of economic activity.
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Citation
U.S. Federal Reserve, Daily (GRCRECD), retrieved from FRED.