Forex
High Interest Rates Persist, Continuing Economic Headwinds
On September 15, 2026, Paul Nolte, Senior Wealth Advisor & Market Strategist for Murphy & Sylvest, joined Bob Sirott to discuss the impact of recent consumer and producer prices on the economy.
Nolte mentioned that the worst time to own stocks is when interest rates are high, which has been the case since May 22, 2026, when Federal Reserve Chairman Kevin Warsh was sworn in. He attributed this to elevated mortgage rates and a rising price of gas.
The conversation highlighted the challenges facing consumers as prices continue to rise, with no clear indication from the Federal Reserve that they will lock in at high rates anytime soon.