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@AGuyNamedDJ AGuyNamedDJ released this 09 Aug 21:14
· 229 commits to main since this release
v2.0.16
8f7e807

Release Notes for Version 2.0.16

Release Date: Aug 8, 2024

Overview:

This release marks a significant milestone in the Lumen project with the completion of full historic and live data integration from the FRED API. The system is now equipped to continuously fetch and update critical economic indicators both historically and in real-time. This ensures that the application has up-to-date and accurate financial data, which is crucial for analysis, reporting, and decision-making processes.

Key Features:

  1. Historic Data Fetching:

    • Implemented robust data fetching for a wide range of economic indicators including:
      • Average Hourly Earnings
      • Consumer Confidence
      • Consumer Sentiment
      • Core Inflation
      • CPI (Consumer Price Index)
      • GDP (Gross Domestic Product)
      • Industrial Production
      • Interest Rates (multiple series)
      • Labor Force Participation Rate
      • Nonfarm Payroll Employment
      • PCE (Personal Consumption Expenditures)
      • PPI (Producer Price Index)
      • Unemployment Rate
    • Ensured all historic data is fetched and stored up until the current date.

  2. Live Data Fetching and Scheduling:

    • Implemented continuous live data fetching using cron jobs, scheduled to run at specific times based on the release schedule of each economic indicator:
      • Average Hourly Earnings: First Friday of every month at 6:00 PM
      • Consumer Confidence: Last Tuesday of every month at 11:00 AM ET
      • Consumer Sentiment: Last Friday of every month at 11:00 AM ET
      • Core Inflation: 15th of every month at 11:00 PM
      • CPI: 15th of every month at 11:00 PM
      • GDP: Quarterly on the last Friday of the month at 6:00 PM
      • Industrial Production: 17th of every month at Noon
      • Interest Rates: Monitored and fetched daily
      • Labor Force Participation Rate: First Friday of every month at Noon
      • Nonfarm Payroll Employment: First Friday of every month at 6:00 PM
      • PCE: 30th of every month at 11:00 PM
      • PPI: 15th of every month at 11:00 PM
      • Unemployment Rate: 8th of every month at 11:00 PM
    • These schedules ensure that the system continuously keeps up-to-date with the latest economic data without manual intervention.

  3. Error Handling and Logging:

    • Enhanced error handling to ensure that API requests and data processing steps are robust and resilient to failures.
    • Detailed logging added for both successful data updates and errors, providing full visibility into the data fetching process.

  4. Performance Optimization:

    • Batched data fetching and processing to optimize performance and reduce server load, ensuring that large datasets are handled efficiently.

  5. Infrastructure Enhancements:

    • Added cron-based scheduling to maintain a continuous and automated flow of data updates, ensuring that the system stays current with minimal downtime.

Impact:

This release ensures that the Lumen project has a reliable and continuously updating data backbone, capable of supporting real-time analysis and decision-making. The integration of live and historic FRED API data provides a solid foundation for any financial or economic analysis tools built on this platform.

Future Directions:

  • Further optimization of data fetching processes.
  • Expansion of the dataset to include additional economic indicators.
  • Integration of more advanced error recovery mechanisms to ensure near-zero downtime.

Version 2.0.16 represents a major step forward in the functionality and reliability of the Lumen project, providing essential infrastructure for ongoing and future development.

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