Howard Marks Predicts US Interest Rates To Stabilize Between 3% And 4%

According to Odaily, Howard Marks of Oaktree Capital has forecasted that following the Federal Reserve's rate cuts, U.S. interest rates will stabilize between 3% and 4%. Marks, who is the co-chairman and co-founder of Oaktree Capital, made this statement during a conference in Melbourne on Thursday. He indicated that the Federal Reserve would lower the rates from the current emergency levels of 5.25% to 5.5% down to around 3%. Marks emphasized his belief that the rates would remain at approximately 3%, and would not revert to zero, 0.5%, or 1%.