Source: Federal Reserve Bank of St. Louis

S&P 500 Index and Volatility Index

Captures the effects of dollar appreciation and depreciation against foreign currencies.

U.S. Gross Domestic Product

M1 includes all physical money, demand deposits, checking accounts and Negotiable Order of Withdrawal accounts.

M2 is M1 plus a broader set of financial assets.

The velocity of money is the number of times one dollar is spent to buy goods and services per unit of time.

Measure of price change from the perspective of the purchaser.