On Friday, San Francisco Federal Reserve President Mary Daly made a speech indicating that multiple interest rate cuts would be made by the central bank. This echoed similar comments made by Boston Fed President Raphael Bostic who claimed he could “for sure” see three cuts. US Bank Wealth Management Senior Investment Strategist Tom Hainlin joins Yahoo Finance to discuss the potential for interest rate cuts and what that would mean for the broader markets moving forward. Hainlin comments on what would be an important factor to properly predict markets: "What we're most interested to see kind of what that dot plot looks like coming out of the March meeting. Has the Fed changed their expectations for what 2024 looks like now that the market's caught back up with it? You noted the hot CPI print, the hot PPI print, that's likely to keep the Fed where they are through at least the first five months of the year, perhaps six months of the year. That kind of pushes us into a higher for longer rate environment in the first half. Then the question is how does the consumer respond to that, and how do smaller businesses respond to that since they're more tied to shorter term interest rates and shorter term bonds for financing." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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