Wall Street is adjusting its outlook on interest rates, facing the reality that potential rate cuts may not materialize due to sticky inflation and hawkish projections from the Federal Reserve.
Since the global financial crisis, both investors and consumers have grown accustomed to low interest rates; currently, at 4.33%, which is still lower than the long-term average of 4.61%.
The demand for high-yield passive income sources is likely to surge if interest rate cuts are no longer anticipated, as rising costs necessitate additional financial support for investors.
The Federal Reserve's recent policy shift suggests it would take a significant economic downturn to revisit aggressive rate cuts, indicating a new era for monetary policy.
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