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  2. Big Mac Index - Wikipedia

    en.wikipedia.org/wiki/Big_Mac_Index

    Big Mac index, November 2022. The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate ...

  3. Understanding the historical performance of gold

    www.aol.com/understanding-historical-performance...

    "An important corollary is the rate at which central banks worldwide have been acquiring gold, purchasing record amounts for the last 2.5 years, while the use of dollars in world trade has diminished.

  4. Purchasing power parity - Wikipedia

    en.wikipedia.org/wiki/Purchasing_power_parity

    Similarly, when exchange rates deviate significantly from their long term equilibrium due to speculative attacks or carry trade, a PPP exchange rate offers a better alternative for comparison. In 2011, the Big Mac Index was used to identify manipulation of inflation numbers by Argentina. [9]

  5. Penn effect - Wikipedia

    en.wikipedia.org/wiki/Penn_effect

    The Penn effect is the economic finding that commodity prices are higher in countries with higher income.. This is often interpreted to mean that real income ratios between high and low income countries are misrepresented by gross domestic product (GDP) conversion at market exchange rates.

  6. History of Federal Open Market Committee actions - Wikipedia

    en.wikipedia.org/wiki/History_of_Federal_Open...

    The effective federal funds rate over time, through December 2023. This is a list of historical rate actions by the United States Federal Open Market Committee (FOMC). The FOMC controls the supply of credit to banks and the sale of treasury securities. The Federal Open Market Committee meets every two months during the fiscal year.

  7. Big Macs aren’t that expensive - AOL

    www.aol.com/finance/most-big-macs-arent...

    The latest CPI report showed that, over the last year, the food index increased 2.9% and the shelter index rose 6.5%. What to read next You can cash in on prime real estate for as little as $20.