Why Interest Rates Could Remain High Heading Into 2024
Rob Santos
Chief Executive Officer
As CEO and founder of Arrowroot Family Office, I specialize in the overall management of the firm. I also work with affluent families on providing bespoke family office services, which include tax-efficient advisory and financial planning, M&A advisory, family governance and process advisory, and philanthropic initiatives.
MCO
MyComplianceOffice
A complete compliance management software platform that helps financial services firms unify their activities across conduct and regulatory compliance.
The current economic environment is drawing comparisons to the 1970s. In the early 1970s, oil prices surged following OPEC’s oil embargo, and U.S. fiscal deficits expanded as government spending increased. Today, oil prices are elevated due to supply concerns, and fiscal deficits are expanding as the government invests in infrastructure improvements and renewable energy. While the 1970s and today share rising oil prices and budget deficits, the most direct link between the two periods is high inflation, as shown in Figure 1 below.
Leave a Reply