For this part of the project, you’ll collect data on various measure of confidence from the FRED website. University of Michigan: Consumer Sentiment (UMCSENT), last year S&P 500 (SP500), last year St. Louis Fed Financial Stress Index (STLFSI), last year 1. In your own words, briefly describe what each of the three indices measure. Why are these considered an indicator of the economy’s “health”? 2. How have these indices changed over the past year? Do you think consumers and firms feel optimistic or pessimistic about the economy?