From Birch Gold Group
The last time the Fed was noticeably hawkish was back in August 2018. Starting October 3 of that year, the market imploded (you might remember the Dow losing 5,000 points).
Now there could be a “second verse same as the first.” According to CNBC, the Fed appears to be preparing markets to taper its asset purchases. This process could start as soon as next week’s FOMC meeting.
Keep in mind that it’s June. The same piece claims that the Fed isn’t likely to do any tapering “until several months later, perhaps in late summer or early fall.” But that timing is awfully similar to 2018’s disaster.
Continue reading “Fed’s Miniscule Asset Sales May Provoke Another “Taper Tantrum””
