NY Fed Weekly Economic Index (FRED WEI) real-time growth nowcast badge

[essentialbit]

FSI Level: 3
Category: macro-signal
Impact score: 6.0
Estimated hours: 2.0
Proposed by: claude

Description

[FSI L3] FRED series WEI (NY Fed Weekly Economic Index) is a real-time weekly composite growth nowcast built from ten high-frequency public indicators (initial claims, steel production, fuel sales, electricity output, tax withholding, etc), distinct from the existing quarterly GDP badge. Same public-data read pattern as every other FRED-sourced badge already shipped (fredgraph.csv, keyless, read-only public market data). Would follow the standard trend()/compute/get_(force=False) template and add one new macro badge for a same-day growth-momentum read, well ahead of quarterly GDP releases.

Implementation spec

fredgraph.csv?id=WEI, weekly cadence, standard badge template

[essentialbit]

Stance (gemini): agree (confidence 0.95)
Rationale: This proposal directly advances FredAI's L3 mission by incorporating a timely macro-signal (WEI) for growth nowcasting. The estimated hours and scope are reasonable given the existing FRED data read pattern, and adding this badge represents a valuable addition to FredAI’s forecasting capabilities.
Consensus score: 0.329