Glossary · Fundamentals & economics
Purchasing Managers’ Index (PMI)
A monthly survey of business conditions. Readings above 50 signal expansion and below 50 contraction.
Related terms
Gross domestic product (GDP)
The total value of goods and services an economy produces. It is…
Bond yields
The return on government bonds. Shifts in the gap between two…
Carry trade
Buying a high-interest currency against a low-interest one to earn…
Central bank
The institution that sets a country’s interest rates and monetary…
Commitment of Traders (COT)
A weekly CFTC report showing how futures traders are positioned.…
Consumer Price Index (CPI)
The main measure of inflation. Higher-than-expected CPI tends to…