Joseph Carlson, relaying another source: Interest rates will rise

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

not necessarily an unhealthy development uh do you know that for the first time in almost three years the 10year is above the FED funds rate um and that's a normal situation I mean we brought the FED funds rate I mean p brought it down uh yesterday 4.33% and as you know we're 4 and a half% now on the 10e it's normal for long-term interest rates to be above short-term interest range we were three years in an inverted term structure that's not an healthy situation so we are actually normalizing the interest rate structure um you could call it recalibrating if you wish uh but long rates I think have a way to go further up another thing that Jeremy seagull points out is that we shouldn't be shocked of the long rates meaning the 10-year treasury rate that we looked at is higher today in fact he points out that it's likely to go higher in the future so the problem we face between the treasury rates being competitive with some of our stocks that issue is going to be Amplified in 2025 if Jeremy seagull's correct if that's if that's your sort of base case how do you think about equities from here well it's more challenging in 2025 than 2024 investors should go in with the expectations that things

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