Published Aug 21, 2026, 3:30 PM ET · Updated 3 months ago · 1 source
US Economy in 'New Normal' with Higher for Longer Rates
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Original Report
The US economy is in a 'new normal' characterized by 6.5% year-over-year nominal GDP growth, partly fueled by the AI boom, and sticky inflation, which makes it challenging to reduce long-term yields and indicates a 'higher for longer' interest rate environment.