Investors and policymakers have long hoped that Treasury Inflation Protected Securities (TIPS) would provide an accurate measure of long-term market inflation expectations. To make informed decisions and to ensure that inflation does not erode the purchasing power of their assets, investors need...

The natural rate of unemployment has become an important topic recently as the Federal Reserve has raised short-term interest rates in an attempt to keep the economy from overheating. The natural rate represents the lowest possible unemployment rate that is consistent with stable inflation. As...