- A WSJ survey of forecasters expects inflation of 2.6% next June and sees higher U.S. interest rates defining the rest of the decade.
- Surveyed analysts do not view the recent surge in long-term yields to quarter-century highs as a temporary blip.
- Forecasters expect long-term yields to remain elevated, citing inflation, Federal Reserve rate increases and debt as drivers of higher borrowing costs.
Quotes
“economists increasingly believe that higher U.S. interest rates will define the rest of the decade.”