Post-tax corporate earnings; driver of stock valuations and capex.

Total number of paid workers excluding farm employees; key employment indicator.

Percent of labor force without a job; rises in recessions, falls in expansions.

New unemployment filings; leading indicator of labor market stress.

Output of manufacturing, mining, utilities; reflects business cycle strength.

Survey of household expectations; influences spending and inflation outlook.

New residential construction begun; sensitive to interest rates.

Authorized new construction; leads housing starts by ~1–2 months.

Bank lending to businesses; reflects credit availability and demand.

Headline measure of consumer inflation; used for cost-of-living adjustments.

CPI excluding volatile food and energy; Fed's preferred inflation gauge.

Fed's preferred inflation measure; broader coverage than CPI.

PCE excluding food and energy; primary Fed inflation target.

Prices at wholesale level; often leads consumer inflation.

Market-implied 5-year inflation from TIPS vs nominal yields.

Market-implied 10-year inflation; long-term inflation expectations.

West Texas Intermediate oil; affects fuel costs and inflation.

Target rate for interbank lending; primary Fed policy tool.

Short-term benchmark; sensitive to Fed policy expectations.

Key long-term rate; mortgage and corporate bond benchmark.

Inflation-adjusted 10Y rate; proxy for real cost of capital.

Classic curve slope; inversion often precedes recessions.

Yield curve measure; Fed uses for recession probability models.

Replacement for LIBOR; benchmark for repo and floating-rate loans.

Broad measure of money; historically linked to nominal GDP growth.

Fed's total assets; expanded via QE, shrunk via QT.

Cash parked at Fed overnight; reflects excess liquidity.

Extra yield on junk bonds vs Treasuries; credit risk gauge.

Extra yield on IG corporates; corporate credit risk indicator.

Composite of risk, credit, leverage; negative = easier conditions.

Measures stress in money and equity markets; rises in crises.

USD vs major trading partners; affects trade and EM flows.

Dollars per euro; key FX pair for global trade and flows.

Dr. Copper—industrial metal often seen as growth barometer.

Composite of leading indicators; designed to anticipate business cycle.