Analyst: Interest Rates to Fall Significantly If Strait of Hormuz Reopens Within Month

According to a report by Navellier & Associates analyst Louis Navellier, interest rates have become highly sensitive to energy prices. Navellier stated that once the Strait of Hormuz resumes operations, interest rates should decline significantly. He noted that until recent energy inflation subsides, any Federal Reserve rate cuts will be delayed, and warned that if the strait remains closed within a month, energy prices will likely surge, pushing up inflation and rates.