It's clear the Fed took the elevator up this time with a dramatic tightening cycle and multiple hikes of 50 to 75 basis points, notes Liz Ann Sonders. She discusses when the Fed will begin cutting rates. She talks about the Fed funds target rate, as well as the dwindling chances of a March rate cut. She then goes over expectations for January’s jobs report. Tune in to find out more about the stock market today.