Who Are Charles Schwab’s Main Competitors?

Charles Schwab (SCHW) is a financial services company that operates through various subsidiaries to provide asset management, discount brokerage, banking, and advisory services. Its closest competitors in the discount brokerage sector include Fidelity and Interactive Brokers. Schwab’s asset management and advisory services pit it against firms such as Goldman Sachs. Its mutual fund offerings are…

Taylor Rule Definition

What Is the Taylor Rule? The Taylor Rule (sometimes referred to as Taylor’s rule or Taylor principle) is an equation linking the Federal Reserve’s benchmark interest rate to levels of inflation and economic growth. Stanford economist John Taylor originally proposed the rule as a rough guideline for monetary policy but has subsequently urged a fixed-rule…