DFF

Federal Funds Effective Rate

Fed policy rate and liquidity regime

DGS10

10-Year Treasury Yield

Core long-duration discount rate for equities

T10Y3M

10Y Minus 3M Treasury Spread

Yield curve recession signal

PCEPILFE

Core PCE Price Index

Fed preferred underlying inflation gauge

CPIAUCSL

Consumer Price Index

Headline inflation gauge

PAYEMS

Nonfarm Payrolls

Employment growth and macro momentum

UNRATE

Unemployment Rate

Labor market slack and recession risk

RSAFS

Retail Sales

Consumer demand and spending momentum

INDPRO

Industrial Production

Cyclical activity and production trend

HOUST

Housing Starts

Rate-sensitive housing cycle indicator