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Cooler heads prevailed (mostly) during COVID market mayhem: Survey
by Tyler Durden
Wednesday, Apr 07, 2021 - 04:00 PM
Stocks slipped a bit around 1115ET when Fed s Kaplan warned I do worry about excesses and imbalances, adding that failing to communicate Fed exit could stoke risk-taking. Kaplan went to say that The Fed should withdraw some accommodation once the pandemic is over.
Then
Yellen unveiled her Tax America plan and that spooked stocks further.
Stocks then rallied on The Fed minutes which really didn t say much at all - and were thus interpreted as dovish, as there was
little to no sense that policy makers were worried about an overheating U.S. economy.
US companies are so eager to refinance, they ll pay penalties theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.