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Economic Terms

European Central Bank – ECB

European Central Bank – ECB : The Central bank responsible for the monetary system of the European Union (EU) and the Euro currency. The bank was formed in Germany in June 1998 and works with the other national banks of each of the EU…
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Nonfarm Payrolls

Nonfarm Payrolls : The single most important piece of data contained in the employment report generally V specifically is nonfarm payrolls. As the name implies, nonfarm payrolls measure the number of people on the payrolls of all…
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Initial Claims

Initial Claims :  Initial jobless claims measure the number of filings for state jobless benefits. This report provides a timely, but often misleading, indicator of the direction of the economy, with increases (decreases) in claims…
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Pending Home Sales

The pending home sales report is considered a vital economic indicator, providing valuable insights into the expected trajectory of the housing market in the United States. This report examines the number of contracts signed for existing…
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Richmond Fed Manufacturing Index

The Richmond Fed Manufacturing Index is issued monthly by the Federal Reserve Bank of Richmond, evaluating the performance of the manufacturing sector in the states of Maryland, Virginia, North Carolina, South Carolina, and the District of…
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Personal Income

The Personal Income report provides valuable insights into the financial well-being of Americans and forecasts future consumer spending. It is crucial for individuals, businesses, and policymakers to stay informed about key economic…
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Durable Goods Orders

The Durable Goods Orders : report serves as an economic indicator, providing valuable insights into the well-being of the U.S. manufacturing sector and the overall economy. It monitors the quantity of new orders, unfilled orders, and…
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