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Investors look ahead to rate hikes with Fed tapering plan all but certain

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Reuters

By David Randall NEW YORK (Reuters) – Investors are grappling with how an unwind of the Federal Reserve’s easy money policies could affect asset prices, after the central bank signaled that a taper of its bond-buying program was closer than ever and suggested it may raise rates at a faster-than-expected pace. In what some described as a hawkish tilt, the Federal Reserve on Wednesday cleared the way to begin reducing its monthly bond purchases as soon as November, and nine of 18 U.S. central bank policymakers projected borrowing costs will need to rise in 2022. Fed Chairman Jerome Powell said t…

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Damaged but not defeated! Cheers to those that survived Bloody Friday 🙌

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