undefined John Highland
It’s time for Yahoo Finance’s Market Minute. I’m John Highland.
undefined John Highland
We’re halfway into the trading day and US stocks are in the red.
undefined John Highland
We are awaiting the Fed rate decision. That’ll be out in less than an hour’s time. There’s a lot of uncertainty about how the Fed is going to navigate the war on Ron with higher energy prices impacting the Fed’s rate outlook.
undefined John Highland
We also had some hot inflation earlier with the PPI report, which showed that wholesale US inflation coming in hotter than Wall Street had been expecting.
undefined John Highland
Switch it up to oil. We are seeing oil prices surge yet again. Uh Iran has listed certain energy assets across the Middle East that it says it can now uh respond to and attack. That came earlier from Israel on an Iranian gas field.
undefined John Highland
So we are seeing those prices jump. And then finally, I just want to take a look at J.P. Morgan. The bank has recruited some of the biggest names in sports to help manage athletes’ finances. It’s a big push from J.P. Morgan Chase and it’s also being led by Dwayne Wade.
undefined John Highland
It’s also got athletes including Tom Brady helping lead the program, and that is your Yahoo Finance market minute.
