Fed Rate Hike Survival Guide

The recent spate of Fed speakers is reinforcing the hawkish message that more rate hikes are coming, says Kathy Jones. She and Liz Ann Sonders take a macro look at the markets. Kathy says that the market is now more closely aligned with the Fed's guidance of a 5.0% to 5.25% peak target range for the Fed funds rate. They talk about expectations ahead for the Federal Reserve. Liz Ann notes that earnings have dropped into negative year-over-year territory for 4Q22, 1Q23 and 2Q23, but estimates are likely to have more to go on the downside. Tune in to find out more about the stock market today.