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Many influential philosophers/scientists such as Galileo and Kant have claimed that psychology could never be a science.
Yield Curve
A graph showing the relationship between interest rates of bonds of equal credit quality but different maturities, often indicating economic expectations.
Short-Term Rates
The interest rates on debt securities that mature in the short term, often less than one year, which are a key indicator of the monetary policy stance of an economy.
Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining the stability of the financial system, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.
Forward Interest Rate
The interest rate agreed upon today for a loan that will start at a future date, often implied in the terms of a forward rate agreement.
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