SAS Weekly Forecast, August 23, 2024: Powell Catches Up To This Simulation

SAS Weekly Forecast, August 23, 2024: Powell Catches Up To This Simulation


The Fed & Inflations - Federal Reserve - Central Banking

Douglas Rissing

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 premium in this graph. It shows the zero-coupon yield



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