
How Interest Rate News Travels From the Fed to Your Wallet
Central bank decisions do not touch your accounts directly. They move a chain of reference rates, and each link in that chain behaves differently.

Central bank decisions do not touch your accounts directly. They move a chain of reference rates, and each link in that chain behaves differently.

The headline numbers are written for you. The five lines below them are written about you — and they reward a skimmer who knows where to look.

The SPIVA scorecards and ICI fee data agree on the long-run record: most active funds trail, and costs explain much of why. The exceptions are narrow.

The decision is the easy part. The wording around it is what moves money.

Hard, soft, and everything in between: how raw materials get standardized, traded, and priced before they reach your receipt.

Headlines blame traders. The plumbing — market makers, algorithms and order flow — does most of the moving.

Duration is the number that tells you how hard rising rates will hit a bond portfolio — and most holders never check it.

Most people read too much market coverage and retain almost none of it. A fixed half-hour, once a week, fixes both problems.

A seasonal checklist for reading the quarterly reporting rush without letting the tape read you.

Most intraday headlines are weather. A few change the climate. Here is a working filter for the difference.