{
  "captured_on": "2026-09-14",
  "display_start": "2020-01-01",
  "display_end": "2026-08-01",
  "sources": {
    "FEDFUNDS": {
      "name": "Effective federal funds rate",
      "source": "Board of Governors of the Federal Reserve System",
      "units": "Percent",
      "adjustment": "Not seasonally adjusted; average of daily figures",
      "series_id": "FEDFUNDS",
      "frequency": "Monthly",
      "url": "https://fred.stlouisfed.org/series/FEDFUNDS",
      "observation_table": "https://fred.stlouisfed.org/data/FEDFUNDS"
    },
    "UNRATE": {
      "name": "Unemployment rate",
      "source": "U.S. Bureau of Labor Statistics",
      "units": "Percent",
      "adjustment": "Seasonally adjusted",
      "series_id": "UNRATE",
      "frequency": "Monthly",
      "url": "https://fred.stlouisfed.org/series/UNRATE",
      "observation_table": "https://fred.stlouisfed.org/data/UNRATE"
    },
    "CPIAUCSL": {
      "name": "Consumer Price Index, all urban consumers, all items",
      "source": "U.S. Bureau of Labor Statistics",
      "units": "Index 1982–1984=100",
      "adjustment": "Seasonally adjusted",
      "series_id": "CPIAUCSL",
      "frequency": "Monthly",
      "url": "https://fred.stlouisfed.org/series/CPIAUCSL",
      "observation_table": "https://fred.stlouisfed.org/data/CPIAUCSL"
    }
  },
  "raw_sha256": "d091bb09a4d177e5db593b657b3bddb49bdec2f98d163c63da315d7bc9b5895b",
  "transform": "CPI_YOY = 100 * (CPIAUCSL[t] / CPIAUCSL[t-12 months] - 1). No forward filling or interpolation.",
  "basis": "FRED observation tables retrieved on capture date; revised historical data, not a point-in-time backtest or live feed.",
  "missing": "October 2025 CPIAUCSL and UNRATE are missing in the retrieved tables; chart paths break at that month.",
  "scope": "Public macroeconomic context only. No model fit, portfolio performance, regime probabilities or provider entitlement is inferred."
}