Jeff Given joins Diane King Hall at the NYSE set to discuss the state of inflation in the U.S. as investors await the ripple effects from changes in tariff policy. He believes it will be difficult for the Fed to cut rates this year, saying that 2026 will have the benefit of more data in the labor market before any rate decision can be made. Later, Jeff looks at a "jittery" bond market as investors look for clarity in tariff policy, but he does still lay out a case for owning bonds in a portfolio.