Said on May 21, 2026, at 11:12 in the video.
“That number is not going down anytime soon.”The direction of this call could not be determined with confidence, so it is held out of the score.
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.
The direction of this call could not be determined with confidence, so it is held out of the score.
everybody. So, in terms of what this means for you, and what's most likely going to happen over these next few months, here's what you came for. And we should start with the biggest losers. Unfortunately, this next year is going to be extremely difficult, especially for first, those with debt. For example, credit cards, auto loans, personal loans, business loans, variable mortgage rates, all of that gets more expensive when rates stay higher for longer. Like, keep in mind that the average American carries thousands of dollars in credit card debt at rates already above 20%. That number is not going down anytime soon. On top of that, mortgage rates are now hitting 7% again. So, first-time buyers, or anyone getting debt today, is getting screwed. Second, growth stocks might suffer. Look, here's the math that most people don't consider. When interest rates rise, future profits become worth less in today's dollars. That means high multiple tech stocks, AI plays, speculative names, anything priced on earnings years from now gets repriced lower because today's rates pay more. Third, housing stays frozen. Keep in mind that mortgage rates are already hitting multi-decade highs. Warsh's plan to
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
Graham Stephana call with no clear direction
“in my opinion, the big move to really watch out for is whether or not the 10-year Treasury yield exceeds or hits 5%.”
Sep 3, 2026
Andrei JikhInterest rateswill rise
“That is partially why interest rates are expected to go up here in the US.”
Jul 28, 2026 · after 1 year
Andrei JikhInterest rateswill rise
“Either way, it looks like yields are going to go up.”
Jun 5, 2026 · after 1 year
Graham StephanInterest rates— no direction stated
“the government's just going to print more money while keeping interest rates as low as they possibly can.”
Jun 1, 2026 · after 1 year
Graham Stephan, relaying Congressional Budget Office: Interest rates will rise
“the Congressional Budget Office now projects interest will reach $2.1 trillion a year by 2036,”
Jun 1, 2026
Andrei JikhInterest rateswill rise
“But it is especially bad when the riskfree rate, meaning what you can get today from a government bond is sitting at above 5%. It's probably going higher.”
May 26, 2026 · after 1 year
