Economy
How the Federal Reserve Actually Changes Interest Rates
The Fed announces a target, not a decree. Getting the market to that target is a separate operation, and it has changed a great deal since 2008.
Author
Daniel Reyes
Economics Correspondent
CoversEconomy
Daniel Reyes covers the American economy: prices, employment, growth and the institutions that steer them. He writes about statistical releases as what they are — estimates with error bars — and is more interested in what a revision means than in the first headline number.
- Covers inflation, labour markets and central banking
Stories by Daniel Reyes
Economy
Reading an Inflation Report Without Being Misled by It
Headline, core, monthly, annualised — the same release supports several different stories. Knowing which measure answers which question is most of the skill.
Economy
What the Jobs Report Measures, and Why Its Two Surveys Disagree
The monthly employment release contains two separate surveys that routinely tell different stories. Neither is wrong; they count different things.
