Let's start with what happened to markets after the Fed's rate cut yesterday. It wasn't pretty. The Dow dropped 1,100 points. The S&P fell 3%. The Nasdaq dropped 3.5%. The Russell 2000 small-caps fell 4.4%. And the 10-year yield surged, pushing mortgage rates back above 7% today.
Kelly Evans is a Host of “The Exchange” and Co-Host of “Power Lunch” at CNBC. She covers a range of topics including finance, cryptocurrency, and the impact of artificial intelligence on markets, with a keen focus on the Federal Reserve and inflation. Kelly has been featured in various outlets such as The West Australian, NBC Bay Area, and People Management magazine.