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January Reflects Powell’s Influence In The Stock Market

January Reflects Powell's Influence In The Stock Market

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If Powell started to taper in December and plans to be finished by March, that means his $120 billion monthly QE rate will go to zero in three months. Lower levels of QE may not be the same as outright QT, but because the QE intervention was more extreme during the Covid Fed intervention, the removal of those infusions of electronic dollars into the system is making the stock market shake, as in late 2018.

...read full article on Seeking Alpha

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