Investors assess what’s next in the Federal Reserve’s ongoing rate easing cycle ahead of this week's PCE (Personal Consumption Expenditures) index print and October jobs report. Interactive Brokers senior economist José Torres sits down with Market Domination hosts Julie Hyman and Josh Lipton to discuss the Fed’s rate cut options ahead of the central bank's November policy meeting.

“The economy is doing terrific at this point,” Torres tells Yahoo Finance, adding, “The 50-basis-point reduction wasn't needed. It really added fuel to the fire.” The economist says he thinks economic data coming out this week will reinforce his view that the Fed's initial supersized cut was a mistake.

“This is a significant occurrence. It's not often that the Fed cuts, and then the ten-year yield (^TNX) jumps 70 bps [basis points]," he says, explaining that the dynamic between rate cuts and Treasury yields (^TYX, ^FVX) is impacting both lenders and borrowers alike.

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This post was written by Naomi Buchanan.