The Fed’s Neutral Rate (also known as R* or R-Star) is starting to pick up steam in mainstream media.  Here are a few recent articles:

• Bond Traders Are Obsessing Over This Gauge Before Jackson Hole, Ruth Carson, Bloomberg (8/24/23)

• R-Star Is the New Buzzword. Listen for It at Jackson Hole, Nicholas Jasinski, Barrons (8/23/23)

• Why the Era of Historically Low Interest Rates Could Be Over, Nick Timiraos, Wall Street Journal (8/20/23)

Northeast Investors Trust portfolio manager Bruce Monrad has been talking about this concept since November of last year.  Check out some of his prior thoughts here:

• A Rising R-Star? (7/25/23)

• The “Other Terminal Rate” (7/11/23)

• The Fed:  Finding Neutral (3/20/23)

• A Higher “Neutral Rate” (11/16/22)