>> Wall Street hasn't felt this much pain in well over a year. Stocks Tuesday suffering their biggest two day slump since September 2016. Trump's tax cuts are starting to push up workers' wages and corporate investment leaving investors fretting over the possibility of a bad case of rapid inflation.
Those fears prompting a spike in government bond yields, with the interest rate on the benchmark ten year note soaring to it's highest in almost four years. With rates like that, investors are starting to give bonds a second look as an alternative to the record breaking rallying stocks. With the US economy pulsating at a 3% rate in the second half of last year, consumer spending up, hiring staying firm, and inflation starting to climb, there's some speculation out there about Janet Yellen's last days as head of the Federal Reserve.
There's worry she might wrap up her final meeting Wednesday by scaling back the Fed's promise to take it nice and slow when it comes to raising interest rates. If that promise of easy money goes away, that could further slam the brakes on this nine years stock market rally.