Fed Daly 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

415

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

Baker Hughes Total Rigs Count

542

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

New Car Registrations YoY

-17.4%

GDP YoY

1.2%

In Russia, Monthly GDP YoY measures the change in the value of the goods and services produced by the country's economy compared to the corresponding month in the previous year.

New Car Registrations YoY

-16.4%