Markets Rebound as Fed Announces Bond Tapering
November 03, 2021 at 16:54 PM EDT
The Federal Reserve released its post-meeting notes today in a press release, announcing that it would be scaling back on the bond purchases it began at the onset of the COVID-19 pandemic. To many investors’ relief, the Fed also reinforced its stance that the inflation being experienced is a transitory one, and markets responded in kind.