The interest rate peak is near – but Gregor Hirt still advises patience. The best time to get started is yet to come, says the chief investment strategist at Allianz Global Investors.
Mr. Hirt, the central banks in the USA and Europe have increased their key interest rates in an unprecedented manner. Have interest rates peaked now?
The Federal Reserve in the USA is probably largely done with its interest rate increases. Although we still have another interest rate hike in our forecasts, the significant rise in long-term US Treasury yields may have made it unnecessary.
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