Arts Journal Zine

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Overview of TPP

President Obama announced in November 2009 the United States’ intention to participate in the Trans-Pacific Partnership (TPP) negotiations to conclude an ambitious, next-generation, Asia-Pacific trade agreement that reflects U.S. economic priorities and values.

Through this agreement, the Obama Administration seeks to boost U.S. economic growth and support the creation and retention of high-quality American jobs by increasing exports in a region that includes some of the world’s most robust economies and that represents nearly 40 percent of global GDP.  

The Obama Administration, in close partnership with Congress and a wide range of stakeholders, is working to conclude a strong agreement that addresses the issues that U.S. businesses and workers face in the 21st century.

New York Fed Staff Nowcast-Day to Day Market Policy

Through the New York Fed Staff Nowcast, we aim to read the real-time flow of information and evaluate its effects on current economic conditions. The Staff Nowcast platform applies Bayesian estimation and Kalman-filtering techniques to a dynamic factor model. This approach incorporates a reliable big data framework that captures the salient features of macroeconomic data dynamics in a parsimonious way. In addition, the platform is designed to digest incoming data as “news,” mimicking the way markets work.


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