Oaktree Capital co-founder: US interest rates will not fall below 3% after the Fed cuts

Odaily News Howard Marks of Oaktree Capital said that after the Fed cuts interest rates, US interest rates will be in the range of 3% to 4%. Marks, co-chairman and co-founder of Oaktree Capital, said at a conference in Melbourne on Thursday that the Fed will lower interest rates from 5.25% and 5.5% in emergencies to around 3%. He also emphasized that he believes that interest rates will remain at around 3% and will not return to zero, 0.5% or 1%. (Jinshi)