If the higher-for-longer interest rate policy persists, 2024 may not bring any relief for homebuyers.

Source: https://investorplace.com/2023/10/5-reasons-why-theres-never-been-a-worse-time-to-be-a-homebuyer/

Mid cap stocks declined during the quarter as the prospects for a higher-for-longer interest rate environment weighed on valuations.

Source: https://seekingalpha.com/article/4640975-clearbridge-mid-cap-strategy-q3-2023-portfolio-manager-commentary?source=feed_all_articles

So-called trend following and systematic hedge funds have long positioned for a fall in government bond prices given higher-for-longer inflation.

Source: https://www.shorenewsnetwork.com/2023/10/09/trend-hedge-funds-come/

So not only is the market worried about higher rates but also about a higher-for-longer scenario.

Source: https://www.forexlive.com/technical-analysis/usdjpy-continues-the-breakout-as-it-touches-143-for-the-first-time-since-november-20230622/

“Thus, a higher-for-longer policy rate path is warranted until inflation firmly falls within the target range alongside a tightening bias to anchor inflation expectations,” Peiris added.

Source: https://business.inquirer.net/424871/interest-rates-must-stay-higher-for-longer-says-imf