Why the Fed is winding down the party on Wall Street (and what it means for you)
CNN
It's official: The Federal Reserve is winding down its aggressive pandemic-era stimulus measures, a process Wall Street nerds call "tapering." But what, exactly, does that mean?
The short answer: Money has essentially been free for the past year and a half, 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. When 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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