Real Fed Funds Rate
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% Stocks in S&P 500 Above 50-Day Moving Average (Right Scale)
U.S. Exports to China
Source: LPL Research, Bloomberg 12/24/18
RES 59800 1218 | For Public Use | Tracking #1-806338 (Exp. 12/19)
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*The real fed funds rate is defined as the upper-bound fed funds rate minus the year-over-year change in the core Consumer Price Index.
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