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01/06/22 11:47 AM

#4397 RE: Fredric #4396

Fed Minutes Suggest More Stock-Market Turmoil Could Lie Ahead

By Randall W. Forsyth
Updated Jan. 6, 2022 7:58 am ET / Original Jan. 5, 2022 6:49 pm ET

Sometimes you need to read something in black and white to believe it. That may explain why the stock market sold off sharply on Wednesday afternoon in reaction to the minutes of December’s Federal Open Market Committee meeting. They suggested the Federal Reserve could begin to let its balance sheet shrink sooner than market participants apparently had anticipated.