Rates on the move as Fed vows to slash interest rates
February 13, 2024 by John Hilton
While both rates might be falling in tandem throughout the 2024, Sheryl Moore, CEO of Moore Market Intelligence and Wink, Inc., said they are likely to remain healthy enough to fuel continued record-breaking annuity sales.
“Generally, we are seeing rates going down since the beginning of the year,” Moore said. “I anticipate that the Fed Funds Rate dropping will drive the 10-year Treasury Rate down, which will result in more rate reductions for annuities. That said, I anticipate that these new rates will still be competitive with pre-4Q2022 rates.”
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