NeoButane

US Inflation Rate [nb]

This is the United States inflation rate, based on the total Consumer Price Index published by the U.S. Bureau of Labor Statistics.


Option to toggle:
A line to display the inflation rate in December. It does not change until the next December.

What the color change to red is indicative of:
According to the Federal Open Market Committee (FOMC) regarding inflation rate, "2% is a bae number to be around". This does not imply a strict 2% inflation for success and allows room for federal rate cuts should they be needed.

Although FOMC declared 2% to be "bae" in 2012, James Bullard, of federal banking fame, claims that started to become the norm in 1995. Therefore the inflation rate line will only turn red 1995 onwards, and serves as a friendly reminder that inflation has been over at or over 2% for more than one month.

Sources:
https://www.bls.gov/cpi/
https://www.federalreserve.gov/newsevent...
https://www.stlouisfed.org/open-vault/20...


Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

Thank You so much <3
+1 Reply
thanks for sharing !!
+1 Reply
how to implement CPI YoY in daily chart ?
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