Delayed Reaction

We thought it was a little strange to see stocks so well bid and the US Dollar offered in the aftermath of last week’s Fed decision. After all, the Fed signaled a taper on the horizon and bumped up median expectations for a rate hike into 2022.

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We thought it was a little strange to see stocks so well bid and the US Dollar offered in the aftermath of last week’s Fed decision. After all, the Fed signaled a taper on the horizon and bumped up median expectations for a rate hike into 2022.

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