New Financial Market Measures of the Neutral Real Rate and Inflation Expectations
Abstract: Long-term U.S. interest rates have fallen substantially over the last two decades. The 5-to-10-year nominal forward interest rate implied by the prices of U.S. Treasury securities is now about 7 percentage points lower than it was at the start of the 1990s.
Part of Series: FEDS Notes
Publication Date: 2020-08-03