Why the Fed is about to stop the party on Wall Street (and what it means for you)
CNN
It's basically official at this point: The Federal Reserve will soon wind down its pandemic-era stimulus measures, a process Wall Street nerds call "tapering." But what, exactly, does that mean? And why does it put investors on edge?
The short answer: Money is essentially free now, thanks to the Fed's double-barrel shotgun approach to economic stimulus — interest rates near zero and a massive investment in bonds that keeps yields near rock-bottom. If the Fed eases off the stimulus pedal, borrowing could grow more expensive, making businesses pay more, which means less profit which means Wall Street is sad. For a more in-depth answer, read on!
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