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Thursday, September 19
 

7:30am

Walk to the St. Louis Fed
Walking directions to the S. Louis Fed
All sessions are at the St. Louis Fed. Headquartered in downtown St. Louis at the intersection of Fourth, St. Charles and Broadway. Walking directions from the host hotel to St. Louis Fed (3-5 minute walk)
  • Head south on N Broadway toward Lucas Ave
  • Turn left onto St Charles St.
  • The St. Louis Fed. will be on the right.
About the Federal Reserve Bank of St. Louis 
The Federal Reserve Bank of St. Louis takes great pride in serving "Main Street" audiences and representing their views. The St. Louis Fed is located in the Eighth Federal Reserve District, which includes all of Arkansas and portions of six other states: Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. The St. Louis Bank serves most of eastern Missouri and southern Illinois. They also have branch locations in Little Rock, Louisville and Memphis.

Decentralized by design the Federal Reserve is not a central bank for which the reserves and decisions are concentrated on Wall Street or in Washington, D.C. We’re a decentralized central bank for which the reserves and decision-making are distributed across the country.

This decentralized structure ensures that the economic conditions of communities and industries from all regions of the nation are taken into account in monetary policy decision-making through the regional Reserve banks — including the St. Louis Fed — that serve the 12 Fed districts.

7:45am

8:30am

Welcome and Introductions
  • The Fred team
  • The participants:
    • What is your beat? Local / Regional / National
    • What topics do you cover now? Labor / Real estate / Industry / Agriculture
    • What topics do you want to learn more about?
  • FRED: data aggregator; data visualization; data downloads; … and much more
  • What do you know about FRED? Did you know that FRED… (Go Figure with FRED)?  [audience guides a volunteer novice build a basic graph]
  • Search for data: What is the latest value of the change in payrolls?
  • Graph the data: Change the series units from levels to change in levels; Change the graph format from line to bars
  • Read the data: Review of the information contained in a FRED graph (units, date range, source)







9:00am

Learning about Economic Data
Seasonality
  • Why are some series “seasonally adjusted” and some not?
  • Visualizing seasonality: Compute the spread between two series
Units
  • Mind the units: Scale matters
  • Adjusted for inflation: nominal vs. real
Indexes
  • Mind the base period: Compare “apples-to-apples”
  • Re-base two indexes: CPI and PCE

9:45am

10:00am

Telling a Story with FRED
Scaling deficits:
  • Federal budget deficit: FYFSGDA188S = ((FYFSD/1000)/GDPA)*100
  • Trade deficit: (Net exports of goods and services (A019RC1A027NBEA) / Gross Domestic Product  (GDPA) ) * 100
  • Referencing data sources: “data from sources via FRED”
Treasury spreads (a proxy for the yield curve)
  • 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity (T10Y3M): BC_10YEAR minus BC_3MONTH
  • Referencing data sources: “data from sources via FRED”
Inflation expectations (surveys vs. market measurements)
  • 5-Year Breakeven Inflation Rate (T5YIE)
  • 5-Year, 5-Year Forward Inflation Expectation Rate (T5YIFR)
  • Referencing data sources: “data from sources via FRED”
Risk premiums:
  • TED Spread (TEDRATE): 3-Month LIBOR based on US dollars (USD3MTD156N) minus 3-Month Treasury Bill (DTB3)
  • Corporate bonds: Moody's Seasoned Baa Corporate Bond Yield (BAA) minus Moody's Seasoned Aaa Corporate Bond Yield (AAA)
  • Referencing data sources: “data from sources via FRED”

11:00am

Telling a Story with GeoFRED
What series are available for what geography? GDP vs. prices vs. employment

Build and save GeoFRED maps:
  • National data: inflation rates; employment to population
  • State data: unemployment U3 vs U6

12:00pm

1:00pm

Telling a Story with FRED Dashboards
Create and populate a FRED Dashboard

Break into small groups and build dashboards on:
  • House price indexes
  • Equifax subprime credit population
  • Mean commuting time for workers
  • Per capita personal income

1:45pm

The Histories of Economic Data through ALFRED
Data revisions
  • DP growth rates: Real Gross Domestic Product (A191RL1Q225SBEA)
  • Change in payroll employment: All Employees: Total Nonfarm Payrolls (PAYEMS)      

2:30pm

 
Friday, September 20
 

7:45am

8:30am

Overview of St. Louis Fed
Speakers
avatar for Karen Branding

Karen Branding

Senior Vice President of Public Affairs, Federal Reserve Bank of St. Louis


9:00am

10:15am

St. Louis Fed Economist Presentations: Wealth and Demographics
Speakers
avatar for Charles S. Gascon

Charles S. Gascon

Senior Coordinator, Regional Economist, Federal Reserve Bank of St. Louis
Chuck will discuss the Beige Book.


11:00am

National Geospatial Intelligence Agency Overview
Speakers
avatar for David Berczek

David Berczek

Chief, Corporate Communication West, National Geospatial Intelligence Agency
Nov 2015 – Present Lead public affairs officer for the National Geospatial-Intelligence Agency's St. Louis area facilities. Manage all aspects of communication to include workforce communication, external governmental and community relations, and strategic communication plan development... Read More →