Changes in interest rates directly affect anyone who borrows or lends. A benchmark interest rate is the federal funds rate, the monetary policy instrument of the Federal Reserve System ("The Fed"). The federal funds rate serves as an anchor Changes in interest rates directly affect anyone...
For a seventh straight time, the Federal Reserve on May 9 voted to keep the benchmark U.S. interest rate at 5.25%. The Fed last held the rate in March and has not raised the rate since last June, when it raised the rate by a quarter-point.For a seventh straight time,...
The Federal Reserve cut its benchmark interest rate by a quarter-point to 4.25% to prevent the housing slump and credit squeeze from undoing the six-year expansion.The Federal Reserve cut its benchmark interest rate by a quarter-point to 4.25% to prevent the housing slump and credit squeeze from undoing the six-year...
The Federal Reserve June 30 raised the benchmark U.S. interest rate a quarter-point to 3.25%, the highest level since October 2001, and again said it could carry out additional rate increases at a "measured" pace.The Federal Reserve June 30 raised the benchmark U.S. interest rate a quarter-point to 3.25%, the...
The Federal Reserve kept its benchmark interest rate at 5.25% for a second straight month last week as slowing growth and a slide in oil prices suggested lower inflation in coming quarters.The Federal Reserve kept its benchmark interest rate at 5.25% for a second straight month last week as slowing...
AsiaInfo Services 07-17-2006 Credit Suisse: China May Raise Interest Rate in One Month BEIJING, Jul 17, 2006 SinoCast via COMTEX -- The possibility of a further increase in the benchmark interest rate in China in the coming month is considera ...
The Federal Reserve voted unanimously May 10 to increase the benchmark U.S. interest rate a quarter-point to 5%, the 16th straight time dating back to June 2004 that the Fed has boosted the rate by a quarter-point.The Federal Reserve voted unanimously May 10 to increase the benchmark U.S. interest rate...
The Federal Reserve, citing inflation concerns, voted unanimously June 29 to raise the benchmark U.S. interest rate a quarter-point to 5.25%. It was the 17th straight time the Fed has boosted the rate by a quarter-point, dating back to June 2004.The Federal Reserve, citing inflation concerns, voted unanimously June 29...
The Federal Reserve last week halted a more than two-year string of interest-rate rises, holding its benchmark rate steady while it gauges whether a slowing economy will keep inflation in check. If inflation risks persist, the Fed indicated it might resum The Federal Reserve last week halted a more than...
Competitive rate intelligence provides the external benchmark to ensure a person's strategies are as sound in the marketplace as they are in the minds of the person's executives. ALM balance sheet modeling is the internal benchmark for evaluating the impact of pricing decisions on the balance sheet given various interest...
The Federal Reserve Board last week raised interest rates for the first time in four years, taking the benchmark federal funds rate up a quarter of a percentage point to 1.25. The Federal Open Market Committee's unanimous decision ended a streak o The...
This article estimates the historical time series of the natural rate of interest using a structural vector autoregressive model. This method returns plausible results and thus seems to be well designed for the estimation of the natural rate of interest. It shows that the natural rate exhibits quite substantial variability...
The Federal Reserve was expected to raise the benchmark U.S. interest rate a quarter-point to 3.5% when it meets Aug. 9, news services reported.The Federal Reserve was expected to raise the benchmark U.S. interest rate a quarter-point to 3.5% when it meets Aug. 9, news services reported.
The paper reveals that Banks and their supervisors have spent considerable time and effort in recent years developing systems for monitoring and managing interest rate risk. This special feature examines that specific component of interest rate risk arising from the possible effects of changes in market interest rates on bank...
This white paper deals with a model, in which the interest rate is the passive reflection of currency-depreciation expectations. This paper shows how to adapt the KFG model to allow for an interest rate defense. It is shown that increasing domestic-currency interest rate makes domestic assets more attractive according to...
Interest rate swaps provide for a particularly interesting experiment. Unlike the commonly-used forward and futures contracts employed by firms to modify their currency and commodity cash flow exposures, interest rate swaps have cash flow implications at multiple times over the full life of the derivative contract. This paper examines the...
This paper studies the impact of interest rate and revenue variability on the decision to carry out an irreversible investment project. Given the generality of the considered valuation problem, it first provides a thorough mathematical characterization of the problem and develops some new results. Contrary to what previous literature has...
This paper revisits the relationship between the forward and the spot interest rate. In contrast to much of the literature the paper investigates the very short maturities. The "tomorrow next" rate is the forward interest rate, but has the same maturity as the overnight rate. The authors' estimate an asymmetry...
INTEREST-RATE DEVELOPMENTS DURING 2002 have been striking, and 2003 is likely to be an interest-rate adventure as well. INTEREST-RATE DEVELOPMENTS DURING 2002 have been striking, and 2003 is likely to be an interest-rate adventure as well.
The Federal Reserve raised the benchmark U.S. interest rate a quarter-point to 2.5% on Feb. 2 and said it would carry out additional increases at a "measured" pace.The Federal Reserve raised the benchmark U.S. interest rate a quarter-point to 2.5% on Feb. 2 and said it would carry out additional...
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