Pyth: Expanded the coverage of macroeconomic indicators, adding data on employment, inflation, and more
according to the official announcement, after the U.S. Department of Commerce selected Pyth Network for on-chain economic data verification and distribution one week after putting GDP data on-chain, Pyth Network announced the expansion of its coverage of macroeconomic indicators, adding core economic indicator data including:
Employment: Non-farm payrolls, unemployment rate, wage growth
Inflation: Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) ------ including overall indicators and core indicators
Growth and Accounts: GDP index, GDP growth, and current account balance
Business Activity: Purchasing Managers' Index (PMI)
Developers, institutions, and protocols can now directly access real-time macroeconomic indicators and integrate them into on-chain products, opening up new possibilities for transparent, efficient, and innovative products, and marking Pyth Network's further realization of its "global universal pricing layer" vision.