【CNBC】U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says

• The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street’s head of investment strategy in EMEA said Tuesday.
• Altaf Kassam told CNBC that classic monetary policy mechanisms had “broken,” meaning that any changes made by the Fed will now take longer to trickle down into the real economy.

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