Beige Book Alt-Data Screen
Converts qualitative Federal Reserve survey text into a quantitative macro regime signal — recession probability and inflation forecasts, scored district by district.
Alternative data exercises. Each one takes a signal that is not a market price and turns it into a series you can actually test against one.
Every exercise here follows the same four rules. They are the reason these are comparable to each other, and the reason a number published on this site means the same thing next year as it does today.
Converts qualitative Federal Reserve survey text into a quantitative macro regime signal — recession probability and inflation forecasts, scored district by district.
Converts a physical climate forecast into commodity supply and price pressure — a global-production-weighted shock across 13 commodities and 41 regions, refreshed twice daily.