It's a Higher-for-Longer World for Rates, and That's OK.

Investors are adjusting to the idea that interest rates in the U.S. may remain high for a longer period of time. Inflation has been slightly higher than expected for the past two months, with the core consumer-price index rising 3.8% in February. While there are mixed elements in the data, the overall picture suggests that inflation is still decreasing, albeit at a slower pace than anticipated. The Federal Reserve is cautious about cutting interest rates until there is more evidence of sustainable inflation slowdown. Despite the higher rates, the stock market has rallied, indicating that Wall Street may be adapting to a higher rate environment. [Extracted from the article]