Read above fed report. Then reflect on last week’s jobs numbers/unemployment rate, the release of new inflation report this Friday and your covid expectations. what is your expectation of short term and long term interest rates, employment issues and what that may mean foe bonds and stock markets.
https://research.stlouisfed.org/publications/page1-econ/2021/07/15/inflation-expectations-the-phillips-curve-and-the-feds-dual-mandate?utm_medium=email