What do you do if you call an end to the party you are hosting but the guests persist with the drinking and dancing? The equivalent of that situation occurred last week following the decision by the Federal Open Markets Committee on December 15 to slow bond purchases and start raising rates. The S&P 500 index hit a fresh record and the yield on the US Treasury rose gently. Nothing to indicate that markets are terrified about a monetary tightening to occur in 2022.
Fed to Tighten But Party Goes On!
Fed to Tighten But Party Goes On!
Fed to Tighten But Party Goes On!
What do you do if you call an end to the party you are hosting but the guests persist with the drinking and dancing? The equivalent of that situation occurred last week following the decision by the Federal Open Markets Committee on December 15 to slow bond purchases and start raising rates. The S&P 500 index hit a fresh record and the yield on the US Treasury rose gently. Nothing to indicate that markets are terrified about a monetary tightening to occur in 2022.