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 ...

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 ...

The Fed’s dot plot is a chart that records each Fed official’s projection for the central bank’s key short-term interest rate. The dot plot is updated every three months and is meant to provide ...

The interest rate cut that's been looming for all of 2025 finally seems to be here. With a cut to the federal funds rate almost a certainty, many experts are now wondering whether it will be by 25 ...

The Federal Reserve’s most important monetary policy tool is the Fed Funds Interest Rate target. By raising or lowering this benchmark, the Fed hopes to influence the cost of credit throughout the ...

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 ...