AMD - Wall Street Breakfast: Doves Become Hawks

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Doves become hawks Stock index futures are on the march higher this morning following the best Fed Day session in over a year. The S&P 500 rose 1.6% on Wednesday, erasing losses from the previous two sessions, and ended two points away from an all-time high. The upward movement came despite the central bank's most hawkish policy pivot in years as it looks to put a lid on inflation (the pace of tapering will be doubled to $30B a month - with further reductions coming next year - while interest rate projections were updated to show a median forecast of three hikes in 2022). Why are stocks going up? First of all, the market loves certainty. Knowing what to expect on the macroeconomic level next year

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Wall Street Breakfast: Doves Become Hawks