New York 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.
They should have stopped it a long time ago
👀
Crisis is over no more Millionaires on Fed's 0% Barrow & Gamble on Wall Street & 🐶'y dime 😃❗
Raise the rates to 12% asap!
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