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Replies to post #43117 on The TradingEdge
JefftDecker
03/21/18 3:31 PM
#43129 RE: RCKS #43117
The Fed raised short-term interest rates another quarter percent today, Wednesday, March 21st. This is on top of the Quantitative Tightening they are conducting, selling securities they hold to the economy, in exchange for cash, in effect pulling money out of the economy. This is a headwind for lower stock prices in 2018 and 2019. The reverse occurred back in 2009 through 2016, which fueled the recent Bull market in stocks.