Big Mac FX
The PPP-implied exchange rate derived from comparing Big Mac prices across countries.
Consumer Confidence
A measure of how optimistic households feel about the economy and their personal financial situations.
GDP Growth
The percentage change in a country's gross domestic product over a given period.
Inflation
The general increase in the price level of goods and services in an economy over time, reducing purchasing power.
Interest Rate
The percentage charged by a lender for the use of money, or paid by a financial institution on deposits.
Misery Index
The sum of the unemployment rate and the inflation rate — a simple gauge of economic hardship.
PPP
An implied exchange rate based on the ratio of price levels between two countries.
Real Interest Rate
The nominal interest rate adjusted for inflation using the Fisher equation.
Real Return
An investment's return after subtracting the inflation rate.
Yield Curve Slope
The spread between the 10-year and 2-year Treasury yields — a key recession indicator.