Savers and long-term investors could stand to benefit as interest rates remain high, but concerns over a recession still loom.
NTD spoke to Paul Mueller, a senior research fellow at the American Institute for Economic Research. He told NTD that a soft landing is still possible for the U.S. economy, though oil price or shipping cost increases could see inflation remain high.
Mr. Mueller said that between the interest rate policies of the Federal Reserve, the geopolitical situation in the Middle East, and the spending and taxation policies of the U.S. government, there is still plenty of scope for the U.S. economy to take a hit this year.
“I think a soft landing is possible, [but] I don’t necessarily think it’s likely,” he said. “The way I would describe the economy right now is that things are going okay, but I think they’re kind of fragile.”
“Economists have been very surprised that we didn’t enter a recession last year,” Mr. Mueller said. “We should be concerned about these high rates and what kind of implications they have.”
