Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has ...

Learn about purchasing power, its effect on currency value, and how inflation influences what one unit of money can buy.

Interest rates affect the ability of consumers and businesses to access credit Fact checked by Kirsten Rohrs Schmitt Reviewed by Robert C. Kelly Central banks cut interest rates to encourage growth ...

NPR talks with Stacey Vanek Smith, a reporter at Bloomberg, about the effect the Federal Reserve's decision to cut interest rates could have. Now, I think what most Americans really want to know is ...