Business

Why the stock market doesn’t seem to mind that the Fed is scaling back stimulus

Federal Reserve Chair Jerome Powell speaks throughout a Senate Banking Committee listening to on Capitol Hill, Washington, December 1, 2020.

Al Drago | Pool | Reuters

The Federal Reserve managed to assuage markets with its view that the economic system would enhance and inflationary pressures would ease, even because it took the primary main step away from the easing coverage it put in place to combat the pandemic.

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