Fed Collins Speech

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

Baker Hughes Oil Rig Count

456

US Crude Oil Rigs refer to the number of active US rigs drilling for oil in a given week.

Baker Hughes Total Rigs Count

598

US Total Rigs refer to the number of active US rigs drilling in a given week.

Inflation Rate YoY

6.3%

In Russia, the most important categories in the Consumer Price Index are: Food & Non-alcoholic Beverages (30% of the total weight) and Transport (14%). Clothing & Footwear accounts for 11%, Housing, Water, Electricity, Gas, & Other Fuels for 11%, Recreation & Culture for 6%, Alcoholic Beverages & Tobacco for 6% and Household Appliances for 6%. Health, Communication, Education, Restaurants & Hotels and Miscellaneous Goods & Services account for 16% of the total weight.

Inflation Rate MoM

-0.1%

Inflation Rate MoM measures month over month change in the price of goods and services.

WASDE Report