As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk ...

The Federal Reserve slashed interest rates by 25 basis points on Wednesday to a target range of 3.5% to 3.75%. However, mixed comments from Federal Reserve Chair Jerome Powell will likely quell a ...

Discover how interest rates influence futures prices, alongside other factors like storage costs and convenience yields. Learn how these elements shape market strategies.

Determining what the S&P 500 will do in 2026 is almost impossible and depends on the fate of the U.S. economy, government policy, earnings growth and other trends. Years of soaring inflation, ...

Interest rates remain top of mind for homebuyers in the new year, especially after years of volatile swings driven by inflation and Federal Reserve rate fluctuations. The past year drove rates down, ...