Another shaky September comes to a close for markets as the Fed signals higher-for-longer interest rates and August's PCE data shows inflation cooling. What could be in store for markets stepping into 2023's fourth quarter? eToro U.S. Investment Analyst Callie Cox and Interactive Brokers Senior Economist Jose Torres join Yahoo Finance Live to discuss markets' potential reactions to the Fed's monetary policy and a potential government shutdown. "The big question for the market right now is the 10-year yield is up 4.5%, and that should mean good things about the economy, right?" Cox says. "Yields rise when the economic outlook gets better. Of course, right now there's fears about inflation picking back up." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The 2023 fiscal year has brought many surprises upon investors — some more welcome than others, such as August's PCE report pointing to cooling inflation. Some investors are concerned with all the recent headwinds and volatility in the market, wondering where they should park their money. Interactive Brokers Chief Strategist Steve Sosnick joins Yahoo Finance to break down recent market developments and offer insights to investors as to where they should be paying attention. "If the market is reassessing the risk/reward, you should be doing the same," Sonick says on short-term investing. Commenting on the direction of interest rates in 2023, Sosnick is looking to keep investments in cash, since "you're getting some yield. Actually if inflation is quiet, we get real yield. You're not even losing money vis-a-vis inflation". For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The U.S. economy is facing challenges from several headline events — including an imminent government shutdown and labor and energy pressures — while still facing down a possible recession. PIMCO Managing Director and Economist Tiffany Wilding joins Yahoo Finance Live to discuss the U.S. economy's outlook amid the multitude of headwinds. "The United States core PCE inflation was actually around 6% when the Fed started hiking interest rates," Wilding explains. "Looking back in time, when you've had rate hiking cycles that have started like that... it doesn't tend to end with the economy expanding — it tends to end unfortunately in some sort of recession. Now that recession could be mild." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.