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Glossary

 
A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z
 
ECB (European Central Bank)
The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed in Germany in June 1998 and works with the other national banks of each of the EU members to formulate monetary policy that helps maintain price stability in the European Union.

Economic Calendar
A calendar used by traders for the purpose of tracking the occurrence of market-moving events. Investors will research the date and time of a specific event and pay close attention to the announcement because of the high probability that it will affect the direction of the market.

Edward DeMarco
Former Acting Director of the Federal Housing Finance Agency (FHFA), the conservator for Fannie Mae and Freddie Mac from Sept. 2009 through Jan 2014.

Emmanuel Macron
Emmanuel Macron was elected president of France on Sunday May 7th, 2017 at the age of 39. He is a former civil servant and investment banker. Macron was a member of the Socialist Party (PS) from 2006 to 2009, and was appointed as deputy secretary-general under François Hollande's first Government in 2012. He was later appointed Minister of Economy, Industry and Digital Affairs in 2014 under the Second Valls Government, where he pushed through business-friendly reforms. He resigned in August 2016 to launch a bid in the 2017 presidential election under the banner of En Marche!, a centrist and liberal political movement he founded in April 2016.

Empire Manufacturing
Economic indicator that uses survey results acquired from New York City manufacturing companies to determine how manufacturing activity is performing during a given time period. The primary reason for the survey is to receive a current reading on sentiment among the manufacturers polled. Since the index only focuses on NY, the results are not the most accurate depiction of the entire United States, but the index is monitored by investors nonetheless.

Employment Cost Index
A quarterly report from the U.S. Department of Labor that measures the growth of employee compensation (wages and benefits). The index is based on a survey of employer payrolls in the final month of each quarter. The ECI tracks movement in the cost of labor, including wages, fringe benefits and bonuses for employees at all levels of a company.

EPS
Earnings Per Share - EPS. The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serve as an indicator of a company's profitability.

Equities
A stock or any other security representing an ownership interest. In the context of real estate, the difference between the current market value of the property and the amount the owner still owes on the mortgage. It is the amount that the owner would receive after selling a property and paying off the mortgage.

Eric S. Rosengren
Eric S. Rosengren assumed office on July 23, 2007, as the 13th President & CEO of the Federal Reserve Bank of Boston, serving the First District. Previously, Rosengren held senior positions in both the Bank's economic research and bank supervision functions. Rosengren joined the Federal Reserve Bank of Boston as an economist in the Research department in 1985. He became AVP in 1989, followed by VP of the Banking and Monetary Policy section of the Research department in 1991. In 2000, he was named SVP leading the Supervision, Regulation, and Credit department. In 2003, he assumed the additional role of chief discount officer and in 2005 was named executive vice President. During his time in Supervision, Rosengren was active in domestic and international regulatory policy.

Esther L. George
Esther L. George is President and CEO of the Federal Reserve Bank of Kansas City and a member of the Federal Open Market Committee, which has authority over U.S. monetary policy. Prior to her appointment as President on Oct. 1, 2011, she had been the Bank's chief operating officer since August 2009. George is a former chair of the Federal Reserve System's Community Banking Organizations Management Group. She has also served as the acting director of the Federal Reserve's Division of Banking Supervision and Regulation at the Board of Governors of the Federal Reserve System in Washington, D.C.

EU
European Union. The economic association of over two dozen European countries which seek to create a unified, barrier-free market for products and services throughout the continent, as well as a common currency with a unified authority over that currency. The European Union was established in 1993 by the Treaty of Maastricht, and was based on the European Economic Community. The EU is formed of three areas, or pillars, which are the European Community, Common Foreign and Security Policy, and Police and Judicial Co-operation in Criminal Matters. The EU has a wide variety of legislative bodies, including the European Parliament, the Council of the European Union, and the European Commission. The European Court of Justice and the Court of First Instance are the two main judicial bodies for the European Union. The format and principles of the EU have their roots in the European Coal and Steel Community, created in the early 1950s.

Euro
The official currency of the European Union's (EU) member states. The euro was introduced by the EU in to the financial community in 1999 and physical euro coins and paper notes were introduced in 2002. Euros are printed and managed by the European System of Central Banks (ESCB). The euro is abbreviated by the symbol "EUR".

Existing Home Sales
The Existing Home Sales, released by the National Association of Realtors provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Generally speaking, a high reading is positive for the Dollar, while a low reading is negative.

Export Price Index
An export price index is an index calculated for the price(s) of one or any specified group of commodities entering into international trade. It measures average changes in prices of goods and services that are exported from the U.S. The index is produced monthly by the International Price Program (IPP) of the Bureau of Labor Statistics.

 
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