The Wealth Effect Blog

The path of interest rates has been highly uncertain over the past few years due to inflation, economic growth, and the Fed. So, in advance of The Fed's open market committee meeting and interest rate decision this week, I wanted to take some time and discuss the state of interest rates and the bond market in the current macroeconomic environment.

As discussed last week in our mid-year investment themes, the stock market continues to hit new all-time highs. While much of this performance has been driven by large-cap technology stocks over the past 18 months, there are now signs that other parts of the market are benefiting as well.

As the second half of the year begins, how can investors maintain perspective around the strong market rally, interest rates, and the upcoming election?