Empirical monetary policy shocks (EMPS) contain information about monetary policy both today and in the future. We define the term structure of monetary policy news as the marginal impact of an EMPS ...

Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates. The information from this statistical distribution can help measure the ...

WASHINGTON, DC - NOVEMBER 02: (L to R) U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose ...

The size of the term premium embedded in the current U.S. Treasury yield curve has been a major focus of research by monetary policy makers and market participants. Researchers have employed both ...

For the first time since December 2024, interest rates have been cut, giving borrowers reason for cautious optimism. Savers, however, may want to strongly consider pivoting their approach. The high ...

Ten- and 30-year Treasury yields rose this week despite the Federal Reserve cutting its short-term interest rate. The 10-year yield is little changed since early 2024, despite the Fed cutting rates ...

Investors are understandably skittish in front of Wednesday's Fed meeting. While a rate cut is now a foregone conclusion, the concern is what Chairman Powell may say during his press conference, as ...

President Trump has been unhappy with the Federal Reserve’s interest rate decisions, which in 2025 have left policy rates unchanged. The president, along with his fellow real estate developers, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Interest rates have been a persistent challenge for ...

Interest rates and bond prices exhibit an inverse relationship: when interest rates increase, bond prices decrease, and when rates decrease, bond prices increase. This occurs because newly issued ...