Equilon FX
Reading room

Go back to
the source.

A small, curated directory of official references and longer reading. Use it to check a definition, inspect a method or pursue a question.

01 / DATA & DEFINITIONS

Measure before you interpret.

Bureau of Economic Analysis

Prices and inflation

US price measures, including PCE, and links to the underlying data.

BEA methodological note

PCE versus CPI

A primary explanation of the formula, weight and scope differences.

Federal Reserve

The inflation objective

The definition of the Fed’s longer-run inflation goal and the measure it uses.

02 / MARKET STRUCTURE

Understand the plumbing.

Bank for International Settlements

FX execution algorithms

A detailed report on execution and the implications for market functioning.

LSEG / WMR

FX benchmark methodology

The administrator’s information about its FX reference rates.

Investor.gov

Allocation and rebalancing

An introduction to the portfolio mechanism used in the drift experiment.

03 / MONETARY POLICY

Connect the channels.

European Central Bank

Policy transmission

A map of the channels through which monetary policy affects the economy.

ECB Data Portal

Interest rates explained

Nominal and real rates and the role of central-bank policy rates.

Equilon reading list

People, policy and institutions

Three books offering different perspectives on central banking.

Institutional source directories.

Statistical source directories.

Follow a question.

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