Discover how biased expectations theory impacts interest rates by incorporating investor preferences and risks, beyond just ...

The study of interest rate models and term structure analysis is central to understanding financial markets, underpinning the valuation of fixed income securities, derivatives, and risk management ...

While most economists believe that central banks set interest rates, in reality, they are set by time preferences of ...

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 ...

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 ...

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 ...

Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall. Bessent said in an interview Thursday that Trump's policies should influence those ...

Researchers from the Federal Reserve Banks of New York and San Francisco studied financial markets to divine the probability of the Fed's benchmark interest rate falling back to zero. During the 2008 ...

"Mortgage interest rates went down before the Fed cut rates in September but went up after," says Ali Wolf, chief economist ...