Fed Reaction: Rate Hikes Are Coming – OANDA

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OANDA – Fed Reaction: Rate hikes are coming, Retail sales miss, Oil turns positive, Gold pares losses, Bitcoin rallies Q3 2021 hedge fund letters, conferences and more Rate HikesUS stocks turned positive after the Fed doubled the pace of tapering and forecasted three rate hikes in 2022 and another three increases in 2023. Financial markets were nervous the Fed was going to exercise caution with a doubling of the taper pace, which would have been a policy mistake. The yield curve is flattening as the short end of the curve pops. The dollar remains king and further dominance in the short-term sh…

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