janet yellen's dashboard

4
 -0.2 0.3 0.8 1.3 1.8 2.3 2.8 3.3 2005 2007 2009 2011 2013    P   e   r   c   e   n    t   a   g   e    P   o    i   n    t   s Source: Federal Reserve Inflation: Bond Market Inflation Expectations 10-year Breakeven Inflation Rate -2% -1% 0% 1% 2% 3% 4% 5% 2005 2007 2009 2011 2013 Inflation: PCE Inflation Year over Year Percent Change PCE headline Core PCE Source: BEA, seasonally adjusted Target Inflation Rate 1% 2% 3% 4% 2007 2009 2011 2013 Employment Cost Index Quarter-End Average Hourly Earnings Source: BLS, seasonally adjusted Inflation: Labor Costs Year over Year Percent Change 2/6/2015

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Janet Yellen's Dashboard

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  • -0.2

    0.3

    0.8

    1.3

    1.8

    2.3

    2.8

    3.3

    2005 2007 2009 2011 2013

    Pe

    rce

    nta

    ge

    Po

    ints

    Source: Federal Reserve

    Inflation: Bond Market Inflation Expectations 10-year Breakeven Inflation Rate

    -2%

    -1%

    0%

    1%

    2%

    3%

    4%

    5%

    2005 2007 2009 2011 2013

    Inflation: PCE Inflation Year over Year Percent Change

    PCE headline Core PCE

    Source: BEA, seasonally adjusted

    Target Inflation

    Rate

    1%

    2%

    3%

    4%

    2007 2009 2011 2013

    Employment Cost Index

    Quarter-End Average Hourly Earnings

    Source: BLS, seasonally adjusted

    Inflation: Labor Costs Year over Year Percent Change

    2/6/2015

  • 02

    4

    6

    8

    10

    12

    14

    16

    18

    2005 2007 2009 2011 2013

    Pe

    rce

    nt

    Jobs: Unemployment Rate

    Source: BLS, seasonally adjusted

    TARGET UNEMPLOYMENT RATE

    Underemployment (U6)

    Unemployment

    Long-Term Unemployment

    (27 Weeks)

    75

    76

    77

    78

    79

    80

    2005 2007 2009 2011 2013

    Pe

    rce

    nt

    Jobs: Labor Force Participation Rate 25-64 Years of Age

    Source: BLS, seasonally adjusted

    -1,000

    -800

    -600

    -400

    -200

    0

    200

    400

    600

    2005 2007 2009 2011 2013

    Th

    ou

    sa

    nd

    s o

    f Jo

    bs

    Jobs: Change in Nonfarm Payrolls

    Source: BLS, seasonally adjusted

    2/6/2015

  • 0400

    800

    1200

    1600

    2000

    2005 2007 2009 2011 2013

    Th

    ou

    sa

    nd

    s o

    f U

    nits

    Growth: Housing Sales and Starts

    Source: Census Bureau, seasonally adjusted

    Sales

    Starts

    -20

    -15

    -10

    -5

    0

    5

    10

    2005 2007 2009 2011 2013

    Pe

    rce

    nt C

    ha

    ng

    e

    Source: Federal Reserve, seasonally adjusted

    Growth: Industrial Production Year over Year Change

    -10.0

    -8.0

    -6.0

    -4.0

    -2.0

    0.0

    2.0

    4.0

    6.0

    2005 2007 2009 2011 2013

    Pe

    rce

    nt C

    ha

    ng

    e

    Growth: Change in Gross Domestic Product

    Source: BEA, seasonally adjusted

    2/6/2015

  • 0.0

    1.0

    2.0

    3.0

    4.0

    5.0

    6.0

    2005 2007 2009 2011 2013 2015 2017

    Pe

    rce

    nt

    Markets: Federal Funds Rate

    Actual Rate Market ExpectationsFed Officials' Projections*

    Source: Federal Reserve, CME *Median

    40

    60

    80

    100

    120

    140

    160

    180

    200

    2005 2007 2009 2011 2013

    Ind

    ex (

    Ap

    ril 2

    00

    4 =

    10

    0)

    Markets: Household Wealth

    S&P 500 Case-Shiller Home Price Index

    Source: Standard and Poors

    0.0

    1.0

    2.0

    3.0

    4.0

    5.0

    6.0

    2005 2007 2009 2011 2013

    Pe

    rce

    nt

    Markets: Treasury Yields

    10-Year 2-Year

    Source: Federal Reserve

    2/6/2015

    InflationJobsGrowthMarkets