Stocks extended gains Thursday, as investors cheered the Federal Reserve's latest signals on monetary policy. David Nelson, Belpointe Chief Strategist and Lindsey Piegza, Stifel Chief Economist joined Yahoo Finance Live to discuss.
Jeff Powell, Managing Partner and Chief Investment Officer at Polaris Wealth Advisory Group, joins Yahoo Finance Live to discuss the Fed raising rates in mid-2022 and what investors can do to help their portfolios against inflation.
Yields on the benchmark 10-year Treasury note shot above 1.4% to their highest since mid-July as selling pressure on UK gilts spilled into the Treasury market after the tightening message from the European central banks. The sudden move higher in yields surprised the market after the muted reaction to the Fed's hawkish stance on Wednesday. The U.S. central bank said it would reduce its monthly bond purchases "soon" and half of the Fed's policymakers projected borrowing costs will need to rise in 2022.