Will inflation subside to ultra-low pre-Covid levels or will it be a lasting problem, as in the 1970s and early 1980s? What will happen to interest rates?
The article discusses the current state of uncertainty surrounding the future of interest rates in the US and the global economy. The author points out that the Federal Reserve has been consistently saying that interest rates will remain low for the foreseeable future, but there are several factors that could potentially cause them to rise, including inflation, economic growth, and changing policies. The article notes that there are many different views and predictions on what will happen with interest rates and that the situation is complicated by the fact that interest rates have been artificially low for a long time. The author argues that investors and businesses should be cautious and prepared for any potential changes in interest rates and that it’s important to pay attention to the economic indicators that could signal a shift in the interest rate environment.