RE:RE:RE:Canadian Tire looks to cut about 3% of workforce Structurally, interest rates are trending higher and this could have to do with larger and larger deficits. However, cyclically they will get back to a 2% range with upward pressure as deficits increase. The 1970's is a perfect example. Interest rates came down following the recession but structurally they increased throughout the decade and culminated in 1980/81.
My best guess is that rates will drop as more and more people get unemployed and when Central bankers get the memo that we're already in a recession. Monetary policy takes about 1 year to take effect. Even if they lower rates, say in 2024, it will take at least another year to ripple through and boost the economy. The harder the landing, the more likely we will get back to a zirp by Central Banksters.