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Summers doubts the U.S. will return to a low-interest-rate environment

Por: MarketWatch Politics January 08, 2023

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In a presentation at the American Economics Association meeting in New Orleans, Summers said “my guess is we will not return to the era of secular stagnation” once inflation has been tamed. The return of low interest rates has been the base case for the traders in the bond market. In an interview with Bloomberg about his forecast, Summers said this will lead to “tumult” in the bond market this year when traders recognize their... + full article



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