The KC PRU is constructed using the same methodology as the Chicago Board Options Exchange Volatility Index (Cboe VIX) on Chicago Mercantile Exchange’s (CME) options data. We use Eurodollar contracts prior to 2023 and contracts on the Secured Overnight Financing Rate (SOFR) from 2023 onward. The Economic Review article, "Introducing the Kansas City Fed’s Measure of Policy Rate Uncertainty," provides further details on the index, including a technical appendix describing the measure’s construction. Included below are a downloadable CSV and a plot of the entire history of the KC PRU. Data will be updated regularly.

The KC PRU is calculated through an automated procedure using publicly traded options contracts. The measure does not reflect the views of the Federal Reserve Bank of Kansas City, its staff, nor the Federal Reserve System.

External LinkDownload a CSV file of the data.

Kansas City Fed Policy Rate Uncertainty: Full History

Kansas City Fed Policy Rate Uncertainty: Last Two Years of Data