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Let’s get real (about interest rates)

Higher real rates in the coming years might favor value stocks

Sebastien Page, Head of Global Multi-Asset and CIO
T. Rowe Price,  May 2024

As I was driving home recently, I called Charles Shriver. We were talking about this Special Topic when he said something quite clever. It perfectly captured how to think about interest rates in the future.  

Before I tell you what he said, let me provide some background:

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