Individual Income Tax Filing: Statutory Adjustments: Health Savings Account Deduction
Thousands of U.S. Dollars
HSADDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,966,885.00
Year-over-Year Change
2504.12%
Date Range
1/1/2004 - 1/1/2016
Summary
The 'Thousands of U.S. Dollars' trend measures the value of the U.S. dollar in thousands. This metric is crucial for economists and policymakers analyzing exchange rates, trade flows, and the global position of the U.S. economy.
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 'Thousands of U.S. Dollars' series tracks the value of the U.S. dollar relative to other global currencies. It provides important insights into the dollar's strength, which impacts international trade, foreign investment, and the purchasing power of American consumers and businesses.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and market analysts closely monitor the 'Thousands of U.S. Dollars' trend to assess the competitiveness of U.S. exports and the inflationary pressures from imported goods.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- The dollar's value impacts the prices of imports and exports.
- Fluctuations in the dollar affect the competitiveness of U.S. goods abroad.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of U.S. Dollars' trend measures the value of the U.S. dollar in thousands, providing insights into the dollar's strength relative to other global currencies.
Q: Why is this trend relevant for users or analysts?
A: The value of the U.S. dollar is crucial for understanding international trade, foreign investment, and the purchasing power of American consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the 'Thousands of U.S. Dollars' trend to assess the competitiveness of U.S. exports and the inflationary pressures from imported goods.
Q: Are there update delays or limitations?
A: The 'Thousands of U.S. Dollars' data is reported regularly by the Federal Reserve, with minimal delays.
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Citation
U.S. Federal Reserve, Thousands of U.S. Dollars (HSADDA), retrieved from FRED.