Graham Stephan: Interest rates will fall

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

better and like I said I would just be more likely to use wealth fronts other services once they already have money with them and I'm sure other people just feel the same way and the fact that they're raising rates right now to gain notoriety is just a really smart thing to do and I commend them for doing this and just getting everyone to now talk about them like I am now my biggest concern when it comes to all of this is whether or not that 2.5 7 percent interest rate is going to be sustainable I have a sneaking feeling that this might be a teaser rate just to gain some market traction and as soon as they've gained a big enough foothold on the market they're going to lower their rates back down a bit now to be honest even if they do this I would still be pretty happy as long as they're offering more than what other banks are gonna be offering and given their excessive fee on some of their investment accounts I have a feeling that they could afford to keep this going for potentially quite some time but like I said only time will tell and as a no-frills just pure cash holding account to earn two point five seven percent interest so far I've been pretty happy with wealthfront and so far no

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