How Hot Inflation Data Is Impacting The Markets: The Technicals Are Bearish

The market expects peak Fed funds rate to reach 5.4% this year, says Cooper Howard. He and Nathan Peterson discusses how hot inflation data is impacting the markets. Cooper notes that the case for rate cuts late this year is slowly diminishing and the path to inflation will likely be slow and bumpy. Nathan says that the economy is resilient in the face of a tightening monetary environment. He also mentions that 2-year bond yields are at a new cycle high suggesting inflation and rate hike expectations are more uncertain, and the technicals are relatively bearish. Tune in to find out more about the stock market today.