interest rates

Feature image explaining the neutral rate of interest, showing r-star estimates, the real federal funds rate, and whether monetary policy is restrictive or accommodative.

Central Banking

Neutral Rate of Interest: r-star and What It Means for Policy

The neutral rate of interest r-star is the unobservable benchmark that defines monetary policy stance. Estimates span 170 basis points,...

May 25, 2026

Feature image explaining interest, showing how $1,000 grows over 30 years at a 5% annual rate under simple interest and compound interest.

Macroeconomic Trends and Analysis

What is Interest? Real, Nominal, and the Power of Compounding

What is interest? It is the price of money over time. This guide explains simple vs compound, nominal vs real,...

May 22, 2026