Reported 4 months ago
Howard Marks of Oaktree Capital Management forecasts that following reductions by the Federal Reserve, U.S. interest rates will settle between 3% and 4%. He believes there will not be a return to rates as low as zero or one percent, despite an expected easing cycle starting in September. Marks attributes previous rate hikes to an inflationary emergency, which he claims has now subsided.
Source: YAHOO