VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Monday, October 6, 2025

Head-to-head

Firefly III vs FRED (Federal Reserve Economic Data) comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

Firefly III adds Portfolio, Webhooks, and Other coverage that FRED (Federal Reserve Economic Data) skips.

FRED (Federal Reserve Economic Data) includes Data APIs, Calendar, Data Visualizations, Inflation Rates, Unemployment Rates, GDP, Interest Rates, PMI / ISM, Housing & Construction, Retail Sales, Consumer Sentiment, Yield Curves, Real Yields, and Sheets / Excel Add-ins categories that Firefly III omits.

Firefly III highlights: Self-hosted open-source personal finance manager (AGPLv3 license)., Supports double-entry bookkeeping with budgets, categories, tags, and detailed reporting., and Comprehensive REST API (JSON) with OAuth2 and Personal Access Tokens, plus a full OpenAPI specification..

FRED (Federal Reserve Economic Data) is known for: Access to over 840,000 time series from more than 100 official and third-party sources, all browsable and downloadable online., Official REST API covering both FRED and ALFRED, with endpoints for categories, releases, series, and sources., and Flexible output formats including JSON, XML, Excel, and CSV for easy integration..

FRED (Federal Reserve Economic Data) offers mobile access, which Firefly III skips.

Firefly III logo

Firefly III

firefly-iii.org

An open-source, self-hosted personal finance manager licensed under AGPLv3. Offers full double-entry bookkeeping, REST APIs, and optional event webhooks. Exchange-rate conversion is available from v6.2 onward as an opt-in feature. Bank connections are handled separately through the Firefly Data Importer app.

Platforms

Web
API

Pricing

Free

Quick highlights

  • Self-hosted open-source personal finance manager (AGPLv3 license).
  • Supports double-entry bookkeeping with budgets, categories, tags, and detailed reporting.
  • Comprehensive REST API (JSON) with OAuth2 and Personal Access Tokens, plus a full OpenAPI specification.
  • Event webhooks for transaction create/update/delete, enabled through environment configuration.
  • Separate Data Importer tool supports CSV and CAMT.053, with optional bank integrations via Salt Edge, GoCardless, and SimpleFIN.

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FRED (Federal Reserve Economic Data) logo

FRED (Federal Reserve Economic Data)

fred.stlouisfed.org

One of the most trusted sources of macroeconomic and market data worldwide. FRED offers free access to charts, releases, Excel add-ins, and a public API. An API key (free) is required, with standard rate limits. ALFRED, the companion service, provides vintage datasets so you can see what was known at any point in time.

Platforms

Web
Mobile
API

Pricing

Free

Quick highlights

  • Access to over 840,000 time series from more than 100 official and third-party sources, all browsable and downloadable online.
  • Official REST API covering both FRED and ALFRED, with endpoints for categories, releases, series, and sources.
  • Flexible output formats including JSON, XML, Excel, and CSV for easy integration.
  • ALFRED (the archival database) provides point-in-time vintages, letting you track historical revisions exactly as they were published.
  • Maps API delivers regional datasets with GeoJSON shapefiles for states, counties, MSAs, and more.

Community votes (overall)

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Overlap

Shared focus areas

1 overlap

Both tools cover this research theme.

Where they differ

Firefly III

Distinct strengths include:

  • Self-hosted open-source personal finance manager (AGPLv3 license).
  • Supports double-entry bookkeeping with budgets, categories, tags, and detailed reporting.
  • Comprehensive REST API (JSON) with OAuth2 and Personal Access Tokens, plus a full OpenAPI specification.
  • Event webhooks for transaction create/update/delete, enabled through environment configuration.

FRED (Federal Reserve Economic Data)

Distinct strengths include:

  • Access to over 840,000 time series from more than 100 official and third-party sources, all browsable and downloadable online.
  • Official REST API covering both FRED and ALFRED, with endpoints for categories, releases, series, and sources.
  • Flexible output formats including JSON, XML, Excel, and CSV for easy integration.
  • ALFRED (the archival database) provides point-in-time vintages, letting you track historical revisions exactly as they were published.

Feature-by-feature breakdown

AttributeFirefly IIIFRED (Federal Reserve Economic Data)
Categories

Which research workflows each platform targets

Shared: APIs & SDKs

Unique: Portfolio, Webhooks, Other

Shared: APIs & SDKs

Unique: Data APIs, Calendar, Data Visualizations, Inflation Rates, Unemployment Rates, GDP, Interest Rates, PMI / ISM, Housing & Construction, Retail Sales, Consumer Sentiment, Yield Curves, Real Yields, Sheets / Excel Add-ins

Asset types

Supported asset classes and universes

Other

Bonds, Commodities, Currencies, Stocks, Other

Experience levels

Who each product is built for

Beginner, Intermediate, Advanced

Beginner, Intermediate, Advanced

Platforms

Where you can access the product

Web, API

Web, Mobile, API

Pricing

High-level pricing models

Free

Free

Key features

Core capabilities called out by each vendor

Unique

  • Self-hosted open-source personal finance manager (AGPLv3 license).
  • Supports double-entry bookkeeping with budgets, categories, tags, and detailed reporting.
  • Comprehensive REST API (JSON) with OAuth2 and Personal Access Tokens, plus a full OpenAPI specification.
  • Event webhooks for transaction create/update/delete, enabled through environment configuration.
  • Separate Data Importer tool supports CSV and CAMT.053, with optional bank integrations via Salt Edge, GoCardless, and SimpleFIN.
  • CSV export available for accounts, budgets, categories, tags, recurring transactions, subscriptions, piggy banks, rules, and more.

Unique

  • Access to over 840,000 time series from more than 100 official and third-party sources, all browsable and downloadable online.
  • Official REST API covering both FRED and ALFRED, with endpoints for categories, releases, series, and sources.
  • Flexible output formats including JSON, XML, Excel, and CSV for easy integration.
  • ALFRED (the archival database) provides point-in-time vintages, letting you track historical revisions exactly as they were published.
  • Maps API delivers regional datasets with GeoJSON shapefiles for states, counties, MSAs, and more.
  • Free Excel add-in enables direct downloads, refreshes, frequency conversions, and growth-rate calculations.
Tested

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Editor pick

Featured inside curated shortlists

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Frequently Asked Questions

Which workflows do Firefly III and FRED (Federal Reserve Economic Data) both support?

Both platforms cover APIs & SDKs workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do Firefly III and FRED (Federal Reserve Economic Data) require subscriptions?

Both Firefly III and FRED (Federal Reserve Economic Data) keep freemium access with optional paid upgrades, so you can trial each platform before committing.

Which tool has mobile access?

FRED (Federal Reserve Economic Data) ships a dedicated mobile experience, while Firefly III focuses on web or desktop access.

What unique strengths set the two platforms apart?

Firefly III differentiates itself with Self-hosted open-source personal finance manager (AGPLv3 license)., Supports double-entry bookkeeping with budgets, categories, tags, and detailed reporting., and Comprehensive REST API (JSON) with OAuth2 and Personal Access Tokens, plus a full OpenAPI specification., whereas FRED (Federal Reserve Economic Data) stands out for Access to over 840,000 time series from more than 100 official and third-party sources, all browsable and downloadable online., Official REST API covering both FRED and ALFRED, with endpoints for categories, releases, series, and sources., and Flexible output formats including JSON, XML, Excel, and CSV for easy integration..

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.