As the Federal Reserve holds interest rates steady in May, Fed Chair Jerome Powell stated that the risks of higher unemployment and inflation "have risen" in a press conference following the central bank’s FOMC meeting. The rate hold went against President Trump’s urging for officials to begin cutting rates.
J.P. Morgan Asset Management Fixed Income Portfolio Manager Kelsey Berro comes on Market Domination Overtime after the market close to talk about Powell’s statements, the bond market’s (^TYX, ^TNX, ^FVX) reaction to the Fed’s rate outlook, and how economists are watching forthcoming economic and labor data.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here: https://finance.yahoo.com/videos/series/market-domination-overtime/
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