The FOMC decision on interest rates will be announced on Wednesday, adding to a week that also includes highly anticipated Big Tech earnings reports and the closely watched Jobs report. To provide insights on what these events could mean for inflation outlooks, 22V Research President Dennis DeBusschere joins Market Domination.
DeBusschere believes that the Fed will maintain higher interest rates for an extended period until inflation is "under control." DeBusschere notes that inflation "keeps creeping higher," making it "critical" to rein it in. He expresses surprise that yields haven't risen higher given the persistence of hot inflation data.
According to DeBusschere the wage growth metric is "critical" for curbing inflation. While wage growth has moderated, DeBusschere notes that "it stalled," fueling concerns that inflation could remain elevated. This, in turn, could lead to higher unemployment rates and "tighter financial conditions."
#youtube #news #stockmarket

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, uptodate news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

Get the latest news and data at finance.yahoo.com

Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoofinance