Oaktree Capital's Max: The Federal Reserve is expected to cut interest rates, but rates are not expected to fall below 3%
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Oaktree Capital's Howard Marks expects the Federal Reserve to cut interest rates to between 3% and 4%. Marks stated at a conference in Melbourne that despite differences in the speed of rate cuts, interest rates will not return to 0% or 1%. He believes that the economy is returning to normal, although this is different from the past 40 years. Oaktree Capital manages $193 billion in funds
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