I mentioned in my last post that the St. Louis Fed’s FRED system has an API and there is a Python wrapper. I just installed it on our 32-bit Windows 7 computer and here are the steps I followed:
- Download and Install Python – I am running the 3.3 version of Python.
- Download and Install Setup Tools – I chose setuptools‑2.2.win32‑py3.3.exe since it matches my system.
- Opened a command prompt – There are lots of ways to do this. I click the start button and type “command” in the “Search programs and files” field, and hit enter.
- Installed FRED using easy_install – I typed “C:\Python33\Scripts\easy_install.exe fred” and voilà! The Python FRED Toolkit (or wrapper) is on my machine.