In this Conversation, Kelly talks to Mizuho’s Steve Ricchiutto about why he’s skeptical we’re entering a permanently higher inflation period, why he thinks it would be a mistake for the Fed to shrink the balance sheet while hiking rates, and the reasons why the jobs market isn’t as tight as everybody—including the Fed—previously thought.

Huge market swings lately are starting to create new openings -- and pressure points -- for investors. One strategist is highlighting biotech & smalls caps, with one showing opportunity, the other flashing concern. He’ll join us to explain. Plus, Americans want to know why pump prices haven’t dropped more already. One expert has the answers, and explains where prices will start dropping first. And, is the yield curve actually steepening? While investors worry it’s signaling a recession, we’ll look at why the opposite might be true.