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Zero Interest Rates Seen Through 2023 and Beyond

By Paul Ebeling1 min read
Part of theBlockchain Center

#investors #Fed #interest #QE #taper #crypto #stocks

"Today, there is good reason to believe that Fed Chairman Powell may start to raise interest rates in late 2023 or beyond"--Paul Ebeling.

The Fed may or may not begin to taper the $120-B/month purchase of bonds in November and wrap up the buying by the end of Y 2022. But Shayne and I believe that the rate lift-off may not begin sometime in Y 2024.

What that means for income investors is: Treasury and corporate bonds pay nothing, and bank CDs continue to offer very low interest rates. The highest yielding 5-yr CD we could find pays a meager 1.1%, and there are big penalties for cashing in early.

So, the answer is stocks and crypto currencies.

Have a prosperous day, Keep the Faith!

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