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Source: Federal Reserve Bank of St. Louis
Release: Interest Rate Spreads
Units: Percent, Not Seasonally Adjusted
Frequency: Daily
This series is a measure of expected inflation (on average) over the five-year period that begins five years from today.
This series is constructed as:
(((((1+((BC_10YEAR-TC_10YEAR)/100))^10)/((1+((BC_5YEAR-TC_5YEAR)/100))^5))^0.2)-1)*100
where BC10_YEAR, TC_10YEAR, BC_5YEAR, and TC_5YEAR are the 10 year and 5 year nominal and inflation adjusted Treasury securities.
Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.
Federal Reserve Bank of St. Louis, 5-Year, 5-Year Forward Inflation Expectation Rate [T5YIFR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/T5YIFR, April 19, 2024.
Source: U.S. Energy Information Administration
Release: Spot Prices
Units: Dollars per Barrel, Not Seasonally Adjusted
Frequency: Daily
Definitions, Sources and Explanatory Notes
U.S. Energy Information Administration, Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma [DCOILWTICO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DCOILWTICO, April 19, 2024.
5-Year, 5-Year Forward Inflation Expectation Rate
Monthly, Not Seasonally AdjustedCrude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma
Annual, Not Seasonally Adjusted Monthly, Not Seasonally Adjusted Weekly, Not Seasonally Adjusted