FRED (Federal Reserve Economic Data) vs Open Payments (CMS) comparison

FRED (Federal Reserve Economic Data) focuses on Inflation Rates, Unemployment Rates, and GDP while Open Payments (CMS) specializes in Data APIs, APIs & SDKs, and Data Visualizations. They overlap in 3 categories, so choose based on your preferred workflow and pricing.

Good news—both FRED (Federal Reserve Economic Data) and Open Payments (CMS) offer free plans. You can try each platform without commitment and only pay when you need premium features.

FRED (Federal Reserve Economic Data) has a mobile app so you can check your research on the go. Open Payments (CMS) is web-only, so you'll need a browser to access it from mobile devices.

Yes, both platforms offer API access for developers and quants who want to build custom integrations or automate their workflows.

Choose FRED (Federal Reserve Economic Data) if you need 800,000+ economic data series from 100+ sources, covering topics such as GDP, prices/inflation, employment, exchange rates, and interest rates., and Browse and track data via categories, releases, sources, and tags; series pages show metadata like units/frequency and “last updated / next release” fields.. Go with Open Payments (CMS) if Three core datasets each year: General Payments, Research Payments, and Ownership/Investment Interests., and Web search/explorer with filtering and charts; program year downloads available from the portal. better fits how you invest.

Both platforms let you export data to spreadsheets (JSON). This is useful for custom analysis or record-keeping.