Global markets fell sharply in premarket trading Thursday.
The Federal Reserve Open Market Committee (FOMC) members stressed the need for “patience” and for continued monetary stimulus in the form of low interest rates, the Fed minutes show. They also reiterated their view that the current inflation trend is “transitory.”
However, they did discuss reducing asset purchases. (The Fed has been purchasing assets like treasuries and corporate bonds to the tune of $120 billion a month.)This has likely spooked investors who worry about the looming corporate bond bubble. Paired with concerns over slow growth and some uneasiness about the new Delta variant, […]
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