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# FRED Economic Wellbeing Data Directory
This directory contains data files generated by the update.ts script.
## Files
- **latest.json** - Raw JSON data from FRED API (all indicators with full observation history)
- **latest.txt** - Transformed pipe-delimited format for Substrate (all observations)
- **update.log** - Update script execution log (if present)
## Update Process
Run the update script from the parent directory:
```bash
# Set your FRED API key (get free key at https://fred.stlouisfed.org/docs/api/api_key.html)
export FRED_API_KEY="your_api_key_here"
# Run update script
./update.ts
```
## Data Freshness
Different indicators have different update frequencies:
- **Weekly:** Financial Stress Index (STLFSI4), 30-Year Mortgage Rate (MORTGAGE30US)
- **Monthly:** Consumer Sentiment (UMCSENT), Unemployment indicators, Personal Saving Rate (PSAVERT)
- **Quarterly:** Debt Service Ratio (TDSP), Credit Card Delinquency (DRCCLACBS), Median Home Price (MSPUS)
- **Annual:** GINI Income Inequality Index (SIPOVGINIUSA)
Run weekly updates to capture high-frequency indicators; monthly updates sufficient for most indicators.
## Data Format
### Pipe-Delimited Format (latest.txt)
```
RECORD ID | SERIES ID | SERIES NAME | DATE | VALUE | FREQUENCY | DESCRIPTION
DS-00004-TDSP-2023-Q1 | TDSP | Household Debt Service Ratio | 2023-01-01 | 9.69 | Quarterly | Household Debt Service Payments as % of Disposable Personal Income
```
### JSON Format (latest.json)
```json
[
{
"seriesId": "TDSP",
"seriesName": "Household Debt Service Ratio",
"description": "Household Debt Service Payments as % of Disposable Personal Income",
"frequency": "Quarterly",
"observations": [
{
"date": "2023-01-01",
"value": "9.69",
"realtime_start": "2023-06-09",
"realtime_end": "2023-06-09"
}
]
}
]
```
## Source
Federal Reserve Economic Data (FRED)
https://fred.stlouisfed.org/
API Documentation: https://fred.stlouisfed.org/docs/api/fred/