·July 30, 2019
The Federal Reserve kept interest rates low (and took extraordinary expansionary actions) in response to the financial and economic crisis that began in the autumn of 2008. Beginning in December 2015, as the recovery gained traction, the Fed began gradually raising the federal funds rate, the interest
·December 6, 2018
Fletcher School, Tufts University
Forecasting the twists and turns of the economy is difficult. One set of indicators used to gauge where the economy is headed draws on information from financial markets since the yields
paid by financial assets reflect the collective market view of the future state of the economy. An inverted yield ...