The liberal news media hides this and instead blames Trump
The Fed is trying to crash the market and the economy to get rid of Trump. they are political leftists as are
the U.S. news media . They left rates at near zero for all of Obama’s term . and now the economy is only “growing” at 2.5% which is no growth if you factor in population growth and other factors. inflation is 2.1% . no need to raise rates unless if you want socialism
That the U.S. news media is crying like stuck pigs at Trump's tariffs shows this is the right move for America.
The news media wants to destroy America to its core so they can rebuild it in their image that is socialism.
There is also QT. The QT the Fed is doing is the same thing as a .25% interest rate hike...at a minimum...some estimates are that each round of QT can almost be as much as a 1% hike. The costs are hidden. But it takes its toll. Both the raising of the interest rates and QT are double-punching the market. Add to that the tariffs and threat of a trade war...that didn't help.
Bullshit. Take a look at the top ten Dow decliners today. They are trade sensitive. Are you telling me that APX and JPM should go DOWN on rate hikes?
No, the Fed hikes were needed for economic recovery. The main effect on the market is to move money out of the interest rate sensitive stocks into the non-sensitive stocks. The reason the market was down today was the sanctions. The reason for the correction was the steel and aluminum announcement that finally allowed the market to correct.
The most important thing about the correction is that it is healthy and necssary. Not only that, but the timing is perfect. Needs to correct some more and remove alll the ridiculous neervous nellies and the liberals. Then take off in the summer in time for the election. That way there's no chance for an October surprise in the markets.