OpenBB Macroeconomic Analysis

Analyze global macroeconomic trends and indicators using OpenBB Platform.

Usage

/openbb-macro [--country US|UK|EU|CN|JP] [--indicators gdp|inflation|rates|employment|all]

What This Command Does

Retrieves and analyzes macroeconomic indicators to understand economic trends and market implications.

Key Features

Economic Indicators

• GDP: Growth rates, forecasts, components
• Inflation: CPI, PPI, PCE, core inflation
• Interest Rates: Federal funds, treasury yields, central bank rates
• Employment: Unemployment, NFP, job openings, labor participation
• Consumer: Confidence, spending, retail sales
• Manufacturing: PMI, industrial production, capacity utilization

Workflow

from openbb import obb

# GDP Analysis
gdp_data = obb.economy.gdp(country="US")
print(f"GDP Growth: {gdp_data.growth_rate:.2f}%")
print(f"GDP per Capita: ${gdp_data.gdp_per_capita:,.0f}")

# Inflation Data
cpi = obb.economy.cpi(country="US")
print(f"CPI (YoY): {cpi.yoy_change:.2f}%")
print(f"Core CPI: {cpi.core_cpi:.2f}%")

# Interest Rates
rates = obb.economy.fed_rates()
print(f"Fed Funds Rate: {rates.current_rate:.2f}%")
print(f"10Y Treasury: {rates.treasury_10y:.2f}%")

# Employment
employment = obb.economy.employment()
print(f"Unemployment Rate: {employment.unemployment_rate:.1f}%")
print(f"NFP (last month): {employment.nfp_change:+,}")

Market Impact Analysis

# Analyze impact on markets
print("\n💡 Market Implications:")

if cpi.yoy_change > 3.0:
    print("⚠️  High inflation - Fed likely to maintain hawkish stance")
    print("   → Negative for growth stocks, positive for commodities")

if employment.unemployment_rate < 4.0:
    print("🔥 Tight labor market - wage pressures building")
    print("   → Could sustain inflation, support consumer stocks")

if rates.current_rate > 5.0:
    print("💸 High interest rates - restrictive monetary policy")
    print("   → Headwind for equities, tailwind for bonds")

Examples

# US macro overview
/openbb-macro --country=US --indicators=all

# UK inflation focus
/openbb-macro --country=UK --indicators=inflation

# China GDP analysis
/openbb-macro --country=CN --indicators=gdp

Integration

• Correlate with equity performance via /openbb-equity
• Impact crypto markets via /openbb-crypto
• Portfolio positioning via /openbb-portfolio