|Day's Range||1.72 - 1.76|
|52 Week Range||0.74 - 1.76|
Yahoo Finance's Seana Smith talks with Vincent Reinhart, chief economist of Standish Mellon Asset Management, about Fed Chairman Jay Powell's testimony on capital hill, the potential for four rate hikes in 2018 and how he will be received on Wall Street.
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest in the markets.
Midday Movers is Yahoo Finance's midday markets show hosted by Seana Smith. Panel and guests look at all the day's top financial news.
Yahoo Finance's Seana Smith, Rick Newman, Melody Hahm and President of Heritage Capital Paul Schatz discuss why Trump's economic rating has slid downhill.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the current rally in stocks and what to expect this week in the markets.
An analyst says that the ISM Manufacturing Index is above 60 and that that typically marks peak growth and is a warning for deceleration. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Melody Hahm discuss the possibility of a market correction before the year is over.
Bitcoin has been on a tear. The cryptocurrency cracked $5,000 last week and has not looked back. Yahoo Finance’s Alexis Christoforous, Justine Underhill, and Myles Udland discuss why people continue buying Bitcoin despite many powerful leaders, including Warren Buffett, coming out against the cryptocurrency.
Politics aside, investors will be focused on the FOMC meeting announcement, forecasts and Fed press conference this week. As we have discussed in previous notes, investors are universally expecting the FOMC to raise rates by 25 bps. The FOMC forecasts, arguably the most pivotal narrative for investors this week, will be updated.
The most important chart you need to know today is the yield curve. Over the past year, short-term rates have surged while long-term rates have held steady, sending the yield curve to its flattest levels in a decade. Now Morgan Stanley analysts predict the curve will be completely flat by 2018.