Stocks across the board took a hit after the Fed's decision to keep interest rates steady, with the potential for future rate hikes down the line. Data from Bank of America shows investors had their largest exit from equities since last December. Yahoo Finance Senior Reporter Josh Schafer joins the Live show to break down the comments made by Fundstrat's head of research Tom Lee and why the economy may actually flourish. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Markets may finally be giving the Fed what it wants: WSJ's TimiraosThe Fed motioned to pause interest rates in September with the possibility of one last hike to come in 2023. But after tightening for so long, could markets finally be giving regulators the go-ahead to do what needs to be done? The Wall Street Journal Chief Economics Correspondent Nick Timiraos joins Yahoo Finance Live to discuss the inner-narrative of the bond market and key indicators seen in the Fed's 'dot plot.' 'What you're seeing now could actually lead to the tightening and financial conditions that we didn't get earlier when the Fed was raising rates faster, but the market was saying, 'Well, you'll cut sooner. you'll cut sooner,'' Timiraos explains. 'So you didn't see mortgage rates rise nearly as much as they have in the last few weeks.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Why the Fed may not be worried about high oil prices yetThe Federal Reserve announced it will keep rates steady, with a possibility for another rate hike down the road. With gas prices rising, student loan repayments resuming, workers' strikes, and a potential government shutdown, there's a lot of uncertainties for investors to consider. Another one of them is what the Fed will do at their November meeting. Peter Tchir, Head of Macro Strategy for Academy Securities and Yung-Yu Ma, U.S. Chief Investment Officer of BMO Wealth Management, join Yahoo Finance to discuss their predictions for the Fed's next move and how markets are reacting to all the latest financial headwinds. When asked about the central bank's options going forward, Ma explains that the Fed will have to pay attention to these headwinds saying 'its definitely still data dependent whether or not the Fed raises rates again...cutting rates is far out prospect at this point.' Tchir says when it comes to higher oil prices, he thinks the Fed will be 'reluctant' to try to deal with them through monetary policy, adding that prices may have to be higher until January or February for the Fed to become concerned. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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