This is a YouTube video titled "‼️ Big News from ‘The Fed’ ‼️" containing a monologue or presentation by Jeffrey Zhang discussing recent changes in Federal Reserve interest rate policies and their impact on the markets, recorded in July 2021. The content focuses on economic updates and market reactions to Fed announcements.
Since COVID began, the Fed mentioned they would keep interest rates low till 2024. However, yesterday for the first time, they mentioned that there would be two rate hikes by 2023. So a total change of pace. The markets reacted big time to this. Stocks fell yesterday. The bond markets got hurt because they're envisioning the Fed slowly tapering off of their bond buying. I know I mentioned before, but that's what's been keeping interest rates low. They feel like economy is recovering and people are going back to work so they don't have to be as involved. This hurts the markets. Rates ra.
