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'Normal' returns still are a ways off

Mar 27, 2019 - Star Tribune (Minneapolis, Minnesota)

The Federal Reserve just signaled that the financial world is not going back to normal, not yet anyway.

For those too young to remember the details of interest rates and money markets before the financial crisis and Great Recession a decade ago, the old normal was that interest-bearing investments paid a meaningful amount of interest.

The 10-year Treasury note is one of those famous benchmark-interest rates, and at the end of the last economic expansion in the summer of 2007, it had ...