Billionaire investor Howard Marks expects years of stubborn inflation and interest rates up to 4% - but sees ways to profit from the new paradigm

Dec 14 2022 by Business Insider

 
Howard Marks.

Bloomberg TV

Howard Marks predicts stubborn inflation and average interest rates of up to 4% in the years ahead. He foresees rising wages fueling price increases, and the Fed leaving itself room to cut rates. The billionaire investor and Oaktree boss expects higher rates to help lenders and bargain hunters.

Investors face years of stubborn inflation and interest rates averaging between 2% and 4%, but there could be fresh opportunities to profit, Howard Marks has said.

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