Wall Street Navigates Unfamiliar Waters In ‘Higher-For-Longer’ Regime Shift

Interest rates have "reset to a ‘higher-for-longer’ regime." That's according to Goldman's Praveen Korapaty, who lifted the bank's yield forecasts meaningfully in consideration of the rapidity with which the regime shift unfolded. "Although we have long anticipated this higher rate regime, we have been surprised by both the pace and the magnitude of the readjustment, and our caution was reflected in our forecasts," he said. "However, with the regime switch now having occurred, we revise ou