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US interest rates likely to stay high for some time: Fed
https://www.straitstimes.com/business/ec...ed-minutes
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No surprised. Powell last time claim " will not increase interest rate in 2024 BUT he claim see first "
keyword, he claim See First already you tell he might increase again this year whereby a lot claim will not since he say so.
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Like that unlikely to shave 6 times in 2024 leow.
But this is kind of expected as inflation remains above 2% in US.
Even if inflation slows down to 2% or below, that means the inflated prices will be the new norm. I find this "inflation is good because it encourages investment economic theory" not that great.
https://www.investopedia.com/ask/answers...t%20demand.
(This post was last modified: 04-01-2024, 05:34 PM by
Levin.)