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.
As is clear, Small Caps were the day s biggest losers with Nasdaq holding modest gains and the Dow/S&P flat.
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.
during the live debate. thanks. you can catch all the action as fox news and google host the debate. e-mail questions for the candidates to foxnews.com. yours may get asked on the air. from the ones i ve seen and heard so far, they are great questions. it s great how interactive people can be right now. gregg: they ask the questions that journalists forget to ask. heather: and to tax america s millionaires but the president has raised questions about raising taxes in a down economy. is this right? right now a fair and balanced debate is straight ahead. got the itch for invention? we ll tell you about new york s maker fair and why organizers hope to spread the itch to
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