Stock Market Today: Fed Signals It Could Pare Back Stimulus in 2021
by Kyle Woodley
Aug 18, 2021
2 minutes
Stocks slipped for a second consecutive day as the Federal Reserve showed signs that it's getting ready to at least tug on the punch bowl.
The Fed on Wednesday released its Federal Open Market Committee (FOMC) minutes, which showed that while the central bank seemed intent on keeping interest rates level for at least the next year, it was planning for the possibility of slowing its monthly purchases of bonds before the end of the year.
"Looking ahead, most participants
You’re reading a preview, subscribe to read more.
Start your free 30 days