Macroeconomic factors improve accuracy of U.S. interest rate forecasts.
The article discusses a new method for predicting interest rates in the U.S. by combining economic factors with yield curve data. By analyzing a large set of economic and yield curve information, the researchers found that including macroeconomic variables can improve the accuracy of interest rate forecasts. The study shows that there is a clear connection between economic factors and interest rates, and that they influence each other in predicting future interest rate trends.