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Has the market correction run its course?

LISTEN NOW: Has the market correction run its course? Listen and follow the @HalftimeReport podcast here or on your favorite podcast platform: https://t.co/sNbAdp0wmo pic.twitter.com/1C05hJ4pAs

— CNBC (@CNBC) May 3, 2022

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Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched.

“The consumer has actually evolved quite a bit in a really, really interesting way,”

The Fed has hiked interest rates to combat inflation.

Two-year Treasury yields, which are sensitive to Fed policy, remained higher after the release of Fed minutes.

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