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Traders Are Now Worried That the Fed Isn't Being Proactive Enough


A couple months ago, traders were concerned the economy was going to be so strong that the Fed would be forced to taper later this year and raise rates in early 2022, sooner than anticipated. 
That concern was stoked today by a statement in the minutes of the last Federal Reserve meeting, which noted that a number of participants suggested that if the economy continued to make rapid progress toward the Committee s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases.
While bond yields moved up modestly on that statement, the stock market barely moved, a sign, some say, that the market is getting comfortable with the Fed thinking about thinking about doing something down the road.  ....

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