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Line 1 - Economic Policy Uncertainty Index for United States, Jan 1985=100
Line 1
(a) Economic Policy Uncertainty Index for United States, Index, Not Seasonally Adjusted (USEPUINDXD)
The daily news-based Economic Policy Uncertainty Index is based on newspapers in the United States. For additional details, including an analysis of the performance of the model, see Baker, Scott, Nicholas Bloom and Steven Davis (2012), "Measuring Economic Policy Uncertainty" (http://www.policyuncertainty.com/media/BakerBloomDavis.pdf)

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    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

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    Line 1 - Economic Policy Uncertainty Index for United States, Jan 1985=100
    Line 2
    (a) Economic Policy Uncertainty Index: Categorical Index: Trade policy, Index, Not Seasonally Adjusted (EPUTRADE)
    The EPU Categorical Data include a range of sub-indexes based solely on news data. These are derived using results from the Access World News database of over 2,000 US newspapers. For further explanation, please see the source page on Categorical EPU data (https://www.policyuncertainty.com/categorical_epu.html).

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

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      Line 1
      Economic Policy Uncertainty Index for United States, Jan 1985=100
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      Line 2
      Economic Policy Uncertainty Index: Categorical Index: Trade policy, Jan 1985=100
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      Notes

      Economic Policy Uncertainty Index for United States  (USEPUINDXD)

      Source: Baker, Scott R.

      Source: Bloom, Nick

      Source: Davis, Stephen J.

      Release: Economic Policy Uncertainty  

      Units:  Index, Not Seasonally Adjusted

      Frequency:  Daily, 7-Day

      Notes:

      The daily news-based Economic Policy Uncertainty Index is based on newspapers in the United States.

      For additional details, including an analysis of the performance of the model, see Baker, Scott, Nicholas Bloom and Steven Davis (2012), "Measuring Economic Policy Uncertainty"

      Suggested Citation:

      Baker, Scott R., Bloom, Nick and Davis, Stephen J., Economic Policy Uncertainty Index for United States [USEPUINDXD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/USEPUINDXD, April 6, 2025.

      Economic Policy Uncertainty Index: Categorical Index: Trade policy  (EPUTRADE)

      Source: Baker, Scott R.

      Source: Bloom, Nick

      Source: Davis, Stephen J.

      Release: Economic Policy Uncertainty  

      Units:  Index, Not Seasonally Adjusted

      Frequency:  Monthly

      Notes:

      The EPU Categorical Data include a range of sub-indexes based solely on news data. These are derived using results from the Access World News database of over 2,000 US newspapers.

      For further explanation, please see the source page on Categorical EPU data.

      Suggested Citation:

      Baker, Scott R., Bloom, Nick and Davis, Stephen J., Economic Policy Uncertainty Index: Categorical Index: Trade policy [EPUTRADE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EPUTRADE, April 6, 2025.

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      Economic Policy Uncertainty

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      Scott Baker, Nicholas Bloom and Steven J. Davis Baker, Scott R. Davis, Stephen J. Economic Policy Uncertainty Bloom, Nick Uncertainty Academic Data Daily Indexes Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America World Trade Transnational Monthly

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