ELI5: Explain Like I'm 5

FRED (Federal Reserve Economic Data)

Fred is a website that collects and shares economic data from the Federal Reserve. The Federal Reserve is a kind of bank that helps keep the economy of the US running smoothly. It collects data, like how much money people are spending or making, how many jobs are being created, and other important economic numbers. This data can help people and businesses learn how the economy is doing and make predictions about the future. The website, Fred, shares this data with anyone who wants to look at it, so people can find information they need quickly and easily.