Damodaran said since 2008, it has become fashionable to attribute all movements in interest rates to Fed action or inaction, and as a consequence, we have lost sight of the fundamentals that determine interest rates. The most critical fundamental, and the one that best explains big movements in rates, over time, is expected inflation.
Stocks to buy in 2026 for long term: Bharti Airtel, Cummins India among 5 stocks that could give 10-20% return
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