Previous Close | 4.5210 |
Open | 4.5620 |
Volume |
Day's Range | 4.5210 - 4.5210 |
52 Week Range | 3.4130 - 4.5680 |
Avg. Volume | 0 |
The Federal Reserve's decision to keep rates steady, with signals that rates will stay higher for longer, has many concerned going into the next fiscal year. Part of the market reaction to the Fed's decision includes treasury yields hitting some of their highest levels in over 15 years. Jay Woods, Freedom Capital Markets Chief Global Strategist, joins Yahoo Finance to discuss the Fed's decision and how the market will perform based on its decision. When asked about the treasury yields and what that means for the American consumer, Woods said, "The market has done remarkably well. If the rates slow down, and the speed of which they move is important, I think the market can catch up once we get to this next earnings cycle." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
While some say recession worries should be abating, the creator of the inverted-yield curve believes a recession is still coming.
U.S. markets head for a week of losses as the June jobs report shows signs of a cooling labor market. Jeff Bierman, TheoTrade Chief Market Technician, joins Yahoo Finance Live to discuss the market adjustment to the possibility of additional Fed rate hikes, leisure, luxury, and travel stocks, as well as oil and commodities.