Close watchers of the economy are likely to hear more in the coming months about an interest rate that exists only in theory, is known by many names, and—for central bankers—is indispensable.

The upturn in U.S. unemployment before the start of the Federal Reserve’s rate-cutting cycle likely reflects a normalized labor market, not one poised for rapid deterioration.

After decades of economic and market stagnation, Japan may be on the path of a sustainable rebound. Vanguard experts weigh in on what that may mean for monetary policy, the yen, and investors’ influence in Japan’s capital markets.

Our research shows that changes in interest rates may alter the risk profiles of bond funds. Now might be the time for a checkup.