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That means that the differential between the yield on money markets and yields available on longer-term instruments will evaporate.
This is one of those situations where theres a good and bad side, he explained.
In the bigger picture, I see this as a positive.
Consumers and businesses have been dealing with high interest rates on all kinds of loans lately.
Having those rates come down will be a relief, Camberato said.
Its a trade-off, but one thatll help a lot of people manage their day-to-day finances better.
For those looking to invest, rates are still high relative to recent history, in Thompsons opinion.
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