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Ben 🟪
@benersing
I'm having a heated debate (it's friendly, don't worry) with some VC friends at dinner. Need your help! What happens next with interest rates?
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Christopher Wallace
@christopher
interest rates are a function of the wage rate, which seemingly has yet to fall — 4.5% in January while CPI was 3.4% meaning it will still be a while before wage inflation is at parity with price inflation.
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Ben 🟪
@benersing
I'm in camp higher for longer as well
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