Near the start of 2022, the U.S. Federal Reserve (the Fed) and many other central banks around the world had a problem: inflation. Rising costs, caused by the hangovers from the Covid-19 pandemic and ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...

You may think that only businesses and politicians should pay attention to choices made by the Bank of England, but its ...

Latest economic research and insights delivered to your inbox each month. This paper examines empirically how the effect of interest rates on the three components of bank profits – loan loss ...

As a small business owner, I’ve learned the hard way that interest rates are more than just numbers on a Federal Reserve press release—they’re a powerful force that can make or break a business like ...