Why the Fed may be able to wind down emergency stimulus without making investors panic
CNN
Stocks continue to hit new all-time highs even as the Federal Reserve prepares to pull back on some of the extraordinary stimulus measures it put in place when the Covid-19 pandemic ground the US economy to a halt in March 2020.
Fed chair Jerome Powell is widely expected to discuss plans for the central bank to start tapering its bond purchases at a press conference Wednesday afternoon.
The Fed may even suggest that interest rate hikes could also be in the cards for the latter part of next year. Rates have been at zero since March 2020.
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