Industrial Production Index (IPI).

The Industrial Production Index (IPI) is a measure of the output of the manufacturing, mining, and utilities industries. It is released monthly by the Federal Reserve. The IPI is a weighted average of three sub-indices: the manufacturing index, the mining index, and the utilities index. The manufacturing index is further divided into three sub-indices: the … Read more

Inchmaree Clause.

The Inchmaree Clause is a clause that is often found in insurance policies that provides coverage for losses that are caused by an insured’s own negligence. The clause is named after the case of Inchmaree v. Royal Exchange Assurance, in which the English court held that an insurer could not avoid liability for a loss … Read more

What Is the Middle Rate?

The “middle rate” is the average of the bid and ask prices of a currency pair. It is also sometimes referred to as the “mid-market rate”. The middle rate can be useful for determining potential buy and sell levels, as well as for gauging market sentiment. What is the best day to trade forex? The … Read more