As a litany of economic data rolls out, more eyes are fixed on the Federal Reserve and its next policy decision. The first interest rate decision from the Fed will be on Wednesday at 2 P.M., which could potentially cause a shake-up in the markets.

Rick Rieder, BlackRock CIO of Global Fixed Income, joins Yahoo Finance to discuss what the most likely policy decision from the Fed will be and how it can affect the broader markets.

“March is aggressive because you have time, in an economy that’s operating this well, there’s not really a race to move rates down of any significance,” Reider says. “When you start going, I think they’re going to start going in May and will do 25 basis point cuts every other meeting, but by the way, let’s say the data does turn down. You can do 50s. You were hiking at 75s. So I think they’ve got a bit of time, and I think it’s going to walk that back a bit, some of the overzealousness that you’ve seen certainly in December.”

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