Peter Linneman wants us all to survive to 3.5.
Speaking on the most recent Walker Webcast, the economist and former professor at the Wharton School of the University of Pennsylvania told Walker & Dunlop CEO Willy Walker that the economy will eventually steady, inflation will return to 1.5% to 2.25%, and the yield on the 10-year Treasury will drop to 3.5% as the country puts the effects of the pandemic in its rearview mirror. He predicted five interest rate cuts in 2024.
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