Chart 1 shows the path of G7 policy rates since 2000, in both easing and tightening cycles. Although the 2022-23 tightening was an exception (525bp of tightening in 16 months plus Quantitative ...

The U.S. repo market has come under the spotlight in the past couple of days as surging short-term interest rates are causing some stress for overnight funding on Wall Street, reminiscent of the 2019 ...

Congress and President Joe Biden's administration seem unaware that rising interest rates are about as "transitory" as they told us inflation would be—meaning, likely to be around for quite a while.

It has been more than 45 years since the two of us sat in free-market economist Vervon Orval Watts' economics class at Northwood University. He noted an interest rate is the incentive or reward ...

In each of the last three rate increase cycles, the Federal Reserve wound up hiking rates much more than traders anticipated With inflation near 7%, conditions could be right for another larger than ...

September means a new school year, and we are reminded of the importance of teachers. Investors tend to overthink things, yet simple formulas and basic math — like the lessons learned from our ...