Financial Intelligence is part of the Business Intelligence Division of Informa PLC
This is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
In a recent speech, NY Fed President Williams spoke about “The Future Fortunes of R-star; Are they really rising?” I took a look at the graph of the estimate for the Natural Rate of Interest to see what’s going on with this particular measure. In a 2015 paper, Williams wrote that IF the estimated rate stayed low, “future episodes of hitting zero lower bound are likely to be frequent and long lasting.” In 2017, he looked at the details to conclude that a low R-star was 1) not a US story alone, but a global one, 2) it was likely to be long lasting and) it was not confined merely to low risk assets. As such, unusual monetary policies were likely to be the norm and that with globally low interest rates risks to financial stability are greater than they were. Read more from David Ader's latest musings...
Serving institutional clients worldwide, we provide premier data for competitive intelligence and analysis delivering fast, accurate information for more than 2,000 US and offshore money funds as well as for ultrashort bonds.
You’ll get real-time news and analysis of primary bond markets around the world, 24 hours a day, five days a week. And it’s delivered by experienced market analysts, many of whom have worked in the markets themselves.
You’ll be able to understand market trends, uncover opportunities and develop long-term growth strategies with access to confidential data from over 100 leading financial services providers – data that’s not available from anywhere else.