Fed Fears Punish Stocks

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Fed Fears Punish Stocks (Bloomberg)

As earnings reports continued to flow in, investors began to worry about when the Federal Reserve will begin tapering its stimulus, pushing stocks down for the day. “The market is re-rating expectations to maybe earlier Fed tapering than consensus,” Andres Garcia-Amaya, New York-based global market strategist at JPMorgan Chase & Co.’s mutual funds unit, said. “The Fed was a little bit more hawkish than people expected, not a lot, but incrementally more hawkish.”

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