Treasury yields (^FVX, ^TNX, ^TYX) are moving on Wednesday — now seeing gains in the late morning — as the broader market gears up for the January FOMC meeting minutes. With recently released inflation data, many on Wall Street are once again debating as to whether or not the Federal Reserve will cut interest rates soon or push them to later in the year. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, joins Yahoo Finance to discuss the potential of rate cuts from the Federal Reserve, how Fed leadership is feeling about the trajectory of the economy, and how it can impact markets. When asked about how recent data print affects Fed leadership's decisions, Jones responds: "My guess is that those that were nervous before got a little more nervous with those numbers. Those that weren't nervous before probably are shrugging them off and saying,'first of all, CPI, it's not the PCE that the Fed uses as its benchmark, and secondly, one month doesn't make a trend. So, I think it really depends on who at the Fed you're talking about, and that leaves us in this limbo because we know there are a couple of holdouts or a couple of members of the Fed who really want to delay this process, and are not certain that it's time to cut rates any time soon." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Stocks (^DJI, ^IXIC, ^GSPC) open Thursday higher, continuing their recovery from Tuesday's CPI data-driven sell-off. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the market action, taking a closer look at small-cap stocks (^RUT, IWM), Treasury yields, and semiconductor stocks' year-to-date performances. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) climbed 3.1% year-over-year in January, coming in hotter than expected by economists. Markets have begun to react to the inflation print, with volatility (^VIX) beginning to climb. Yahoo Finance Senior Markets Reporter Jared Blikre joins the Live show to break down the latest market numbers and what it could mean for the broader market moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino