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Survey: Rates at zero until 2024, but coronavirus vaccine likely to ‘supercharge’ economy

SEIA’s chief investment officer, Deron McCoy, along with a growing number of financial and economic experts surveyed for Bankrate’s December Fed Forecast reflect on the scope for the US economy to recover.

Half of those surveyed see the Fed likely to keep rates at rock-bottom until at least 2024. More than half of respondents expect a substantial economic bounce back in 2021 thanks to a vaccine, that Powell will be reappointed as chairman in 2022, and they gave the Fed an “A” grade for its response to coronavirus.

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