The Fed Can't Continue Inverting The Yield Curve

Financial markets are in a "wait-and-see" mode right now, notes David Scranton. He talks about how the markets are waiting to see if more regional banks fail, waiting to see if the debt ceiling crisis is solved, and waiting to see if the economy can avoid a recession. He talks about the CPI report for April 2023 and how the Fed will interpret today's inflation data. He highlights that regional banks are down including Zions Bancorp (ZION), Comerica (CMA), and Keycorp (KEY). He mentions that the Fed knows that they can't continue inverting the yield curve further. Tune in to find out more about the stock market today.