The Federal Reserve met today, and not surprisingly, the takeaway from that meeting was that they will soon be raising interest rates and tapering bond purchases.
Of course, they didn’t tell us when this would happen, but the consensus of those in the know is that it will be sometime in March.
The Fed is notoriously vague about dates and such things. Who needs details, right?
Well, the market does, because it has been a rough start to the year given the latest inflation news and expected Fed monetary tightening.
So, how much of a tightening are we talking about?
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