Release: Interest Rate Spreads
The breakeven inflation rate represents a measure of expected inflation derived from 5-Year Treasury Constant Maturity Securities (BC_5YEAR) and 5-Year Treasury Inflation-Indexed Constant Maturity Securities (TC_5YEAR). The latest value implies what market participants expect inflation to be in the next 5 years, on average.
Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.
Federal Reserve Bank of St. Louis, 5-Year Breakeven Inflation Rate [T5YIE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/T5YIE, June 25, 2019.
Release: H.15 Selected Interest Rates
For further information regarding treasury constant maturity data, please refer to http://www.federalreserve.gov/releases/h15/current/h15.pdf and http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/yieldmethod.aspx.
Board of Governors of the Federal Reserve System (US), 5-Year Treasury Inflation-Indexed Security, Constant Maturity [DFII5], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DFII5, June 25, 2019.
Source: Federal Reserve Bank of Atlanta
Release: Sticky Price CPI
The Sticky Price Consumer Price Index (CPI) is calculated from a subset of goods and services included in the CPI that change price relatively infrequently. Because these goods and services change price relatively infrequently, they are thought to incorporate expectations about future inflation to a greater degree than prices that change on a more frequent basis. One possible explanation for sticky prices could be the costs firms incur when changing price. For further information about Sticky Price CPI, go to http://www.clevelandfed.org/Research/commentary/2010/2010-2.cfm.
Federal Reserve Bank of Atlanta, Sticky Price Consumer Price Index less Food, Energy, and Shelter [CRESTKCPIXSLTRM159SFRBATL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CRESTKCPIXSLTRM159SFRBATL, June 25, 2019.
Source: U.S. Bureau of Labor Statistics
Release: Consumer Price Index
U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All items less shelter [CUSR0000SA0L2], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CUSR0000SA0L2, June 25, 2019.