CNBC Daily Open: Concerns over high interest rates return, pressuring stocks

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Experts and markets think both the U.S. economy and interest rates will remain warm — if not hot — to the touch.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeequity strategy team led by David Kostin. By comparison, the index has returned an average 13% annually over the last 10 years, according to Goldman. The team pointed to high valuations and concentration in today's stock market as reasons for their forecast.

But"putting a lid" on something, in culinary terms, also helps to keep the heat circulating within a space. That's what the U.S. economy, like a stew constantly simmering, seems to be doing.in September, experts and markets think both the economy and interest rates will remain warm — if not hot — to the touch.

The neutral rate is the point at which interest rates neither stimulate nor hold back the economy. In other words, the long-term interest rate might end up higher than its historical average.

 

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