Data source
Federal funds rate
The Federal Reserve publishes the rate banks charge each other overnight, the main lever of US monetary policy. We chart it next to software job postings to compare their timing.
Provides measurements used by the linked signal.
Board of Governors of the Federal Reserve System (US), Federal Funds Effective Rate [FEDFUNDS], retrieved from FRED, Federal Reserve Bank of St. Louis.
Visit the sourceUsed for: JobsLicense: Public domain, citation requested
Limitations
- Rates affect hiring with a delay, and the size of that delay is uncertain.
- Two lines moving together does not show that one causes the other.