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Head to FRED (https://fred.stlouisfed.org/Links to an external site.) and download the series MICH (Inflation Expectation), UMCSENT (Consumer Sentiment), and CBSICO (Community Bank Sentiment Index). You
Head to FRED (https://fred.stlouisfed.org/Links to an external site.) and download the series MICH (Inflation Expectation), UMCSENT (Consumer Sentiment), and CBSICO (Community Bank Sentiment Index). You may enjoy trying this directly under Stata --> File --> Import --> FRED (API Key required; apply for free at FRED --> My Account --> API Keys --> +Request API Key). If you download the series separately (instead of directly importing through Stata), you will need to load each into Stata and then merge them by date. Question (a): What are the correlations among them (you will have three correlations given the three pairs of variables)? Question (b): Based on the descriptions given by FRED for these series, do your answers above make economic sense
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