The Yonhap Panic-Boom Indicator and Yonhap Global Economic Forecast provide early warnings on the latest economic conditions based on data announced by the U.S. Federal Reserve Board and the National Bureau of Economic Research, a U.S. nonprofit research organization. They select the most important data to determine cyclical trends in financial and economic sectors, and decide which of the five phases current economic conditions belong: BOOM (~10%), WARM (~30%), MILD (~70%), COLD (~90%) and PANIC (~100%).