Macroeconomics for investors
How a rate decision reaches the price of a security, why the wording of the signal matters more than the decision itself, and what the yield curve says about the future.
7 steps · about 95 min · free
- 1The key rate: how a Bank of Russia decision reaches your portfolioThe path from the decision to your account.Article · 2 min
- 2Inflation: how it is measured and why it differs from yoursWhy it differs from the inflation you feel.Article
- 3Central bank guidance: why the wording matters more than the decisionThe wording matters more than the number.Article · 2 min
- 4Deposit or bond: not the same thing at a similar yieldSimilar yield, different risk.Article
- 5The yield curve: what the market thinks about the futureWhat the market thinks about the future.Article
- 6Exporters and the exchange rate: who gains from a weak roubleWho gains from a weaker rouble.Article
- 7Sector sensitivity: who reacts how to macro conditionsWho reacts, and how.Article