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One of the world’s largest economic databases turns 30

MarketPlace: “It’s been 30 years since the start of the Federal Reserve Economic Data, or FRED, an online database within the Federal Reserve Bank of St. Louis. The site contains more than 800,000 data series from over 100 different sources, making it something of a one-stop shop for people trying to understand the economy. “We can take the data from multiple sources and put them all on our website, so users can go and see what the latest unemployment rate looks like or what inflation is doing nowadays,” said Yvetta Fortova, the FRED manager and its “data champion.” Originally existing as a dial-in electronic bulletin board, FRED went online in 1995 — paving the way for the platform as it stands today. Fortova spoke with “Marketplace” host Amy Scott about the database. The following is a transcript of the interview. To listen to their conversation, use the media play above…”

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