Markets apparently heard what they wanted to hear as stocks continue to rally into today's session off of the Federal Reserve's interest rate pause decision on Wednesday. Are investors celebrating too early on this wave of green as the Fed holds rates higher for longer?
Providence Financial & Insurance Services President Anthony Saccaro believes we're "not out of the woods" on the inflation-front just yet:
"If the economic data turns and starts to go downward, then the Federal Reserve is going to lower rates. But if the data stays strong, there's nothing that says that they're going to lower rates. As a matter of fact, they could tick up another time. I don't think that's going to happen, but it's not out of the woods. Right now, i think you want to be cautious and... focus on things that are going to give you dividends and income."
Saccaro joins Yahoo Finance's Rachelle Akuffo to discuss how investors should be approaching this current rate environment, especially for investors saving or planning for retirement.

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance