The Fed’s Relationship to Markets: What is Tapering?
In light of the attention paid to the Fed’s next moves, we thought it prudent to examine what the Fed’s mandate (job) is, and what their actions can mean for investors in the marketplace.
We believe that financial literacy is an important step of your wealth journey and it may not always be easy to find reliable resources. See below to find education and insight on financial markets, economic environments, and investing principles.
In light of the attention paid to the Fed’s next moves, we thought it prudent to examine what the Fed’s mandate (job) is, and what their actions can mean for investors in the marketplace.
After a long and strenuous Senate session Friday night and after several amendments, the newest COVID relief stimulus package, this time valued at $1.9T, passed with a 50-49 vote early Saturday morning, March 6th. Senate Democrats used the reconciliation process, which allows budget-related bills to pass with a simple majority rather than the 60 votes typically needed, to pass the bill.
Investors opening their finance apps on their smartphones or flipping the TV to CNBC this morning, February 23rd, likely experienced an uneasy feeling in their stomach.
What does a Democratic sweep mean for my portfolio?