The New Normal for Interest Rates: A Canary in the Coal Mine for the Economy The recent flurry of interest rate hikes has sparked intense speculation, but beneath the surface lies a more profound shift that's likely to have far reaching implications for borrowers and investors alike.
Economists are warning about a new normal for interest rates, driven by global megatrends that are rewriting the rules of the game.
A key concept in this discussion is the neutral interest rate – often shrouded in mystery but crucially important.