Jeff Kleintop, Chief Global Investment Strategist at Charles Schwab, says that corporate tax cuts are becoming a global phenomenon outside of the U.S.
For full interview [click here](https://cheddar.com/videos/charles-schwab-2018-market-outlook).
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
