Don’t Expect a Return to Ultra-Low Interest Rates
And that’s a good thing.
Jerome Powell, chairman of the US Federal Reserve: probably not keen to test the lower bound ever again.
Photographer: Samuel Corum/BloombergWelcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
As we enter 2024, markets are somewhat unsettled. Investors spent much of December playing catch-up with the idea that the economy was not as doomed as they had feared, and that both inflation and interest rates were heading lower.