This week the Investment Office summarizes another volatile week across markets as we saw further rate hikes from central banks where investors are left wondering if a more aggressive policy shift will ultimately succeed in dampening inflation, granting equity markets reprieve from the volatility of 2022. On the economic front, the Fed signals its intention to keep raising interest rates through the end of 2022—aiming at a 3% Fed Funds rate by the end of the year, and only re-evaluating its course of action once there are “several months” of data consistently showing cooling inflation. Our Head of Wealth Planning discusses the SECURE Act 2.0 and how the Senate is aiming to pass the new Act in July.
