Economy
Policy and the economy matter to a trader only through the routes by which they reach prices, spreads, borrowing costs and data. This section follows those routes.
Economy
Four sections
Each page follows one mechanism from the policy decision to the price, the spread, the borrowing cost or the data release it changes, with worked arithmetic where arithmetic helps. When the news arrives, you will know which of your positions it can reach and how. For the account side of the same questions, see trading terms and questions.
Government and Policy
Tariffs, shutdowns, rulemaking and merger reviews, traced to share prices.
Monetary Policy
Rate decisions, real rates and the wording markets react to.
Fiscal Policy
Deficits, the debt ceiling, tax bills and government spending as catalysts.
Economics
Supply and demand, inflation, the business cycle and market efficiency.