Higher for longer rates will cause 'drag on GDP' for longer: Economist

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Higher for longer rates will cause 'drag on GDP' for longer: Economist
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Markets continue to digest the Federal Reserve's 'higher for longer' interest rate policy as the Fed continues in its attempts to reach its 2% inflation goal...

as the Fed continues in its attempts to reach its 2% inflation goal. In a recent note, Goldman Sachs Chief Economist Jan Hatzius warns this new regime will cause GDP growth to slow, expecting half a percentage point hit on growth over the next year.If there are stocks set to explode in the next decade, it's certainly these three. Let's get right into why. The post 3 Canadian Stocks Set to Explode in the Next Decade appeared first on The Motley Fool Canada.

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