Economist Torsten Slok predicts that interest rates will remain elevated for a prolonged period. The Federal Reserve is maintaining its target rate between 3.50% and 3.75% with no plans for near-term cuts. CME FedWatch data indicates potential rate hikes could occur in late 2026. This restrictive monetary policy is impacting borrowing costs across all sectors, from real estate to corporate financing. The Fed’s upcoming decisions in June, July, and September will be crucial for future rate movements.
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