Interest Rates – Higher For Longer

The Federal Open Market Committee met last week.  They kept short-term interest rates unchanged.  However, the comments by Federal Reserve Chair Powell following the meeting told the investment markets that rates would stay higher for longer.  In response, the market has pulled back a little.  While higher for longer rates have been a short-term headwind, we are seeing long-term opportunities for savers and equity investors.  Let’s dive in…