Is The Fed's Hiking Cycle Nearing Its End?

Better-than-expected CPI is not likely to deter the Fed from hiking, notes Cooper Howard. He and Jeffrey Kleintop break down today's price action in interest rates. Cooper mentions how the odds for a September rate hike are now roughly 17% and he believes the downside for the 10-year is in the 3.5% range. They discuss how the Bank of Canada raised rates to a 22-year high. He highlights how inflation is higher in Japan than in the U.S., which is a rare event. They then go over if the Fed's hiking cycle is nearing its end. Tune in to find out more about the stock market today.