Fed snatches the punch bowl away from Wall Street’s party: Morning Brief

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Thursday, January 6, 2021

Rate hikes no longer theoretical, but ‘front and center’ 

On Wall Street, there’s an old saying that refers to the market’s reaction to Federal Reserve policy that may be negative for stocks, and implies that investors are having the time of their lives.

“Snatching the punch bowl away from the party,” an old…


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