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Home invest in investing living frugal what to invest in Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says

Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says

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https://www.cnbc.com/2023/08/10/veteran-economist-jim-oneill-says-interest-rates-should-stay-around-5percent-for-longer.html

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It looks like the Fed might nudge rates up by a quarter point in September, but the real action could be a rate cut in 2024, as per CME Group's crystal ball. O'Neill's got a point – aiming for around 5% rates makes sense for keeping inflation in check and stability.



Submitted August 12, 2023 at 04:09AM by Mutinrzombi https://ift.tt/BPXtyD7
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