Do you think we get 1.5 to 2% over the next two years?
Fed funds rate? Or CPI?
Sorry, should have been clear. On FED funds rate
Yeah, I would take the over on cpi
Unlikely in 2024-25. It could possibly go sub-2% in 2026-27, but I think that the days of very low interest rates (like we had in the 2010s and early 2020s) are officially over.