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Source: CBS News

Federal Reserve spooks bullish investors with hawkish message

Friday 16:22 GMT

Stocks are sagging, a sign investors are worried that the Federal Reserve is serious about finally taking the "punch bowl" away after years of dousing the economy with easy money.

While the Fe minutes were, on the surface, seen as dovish given the focus on the recent decline in inflation pressure and retail sales softness, the details were decidedly less so. Policymakers warned of "elevated vulnerabilities" to financial stability from high asset price, saying directly that monetary policy would run tighter "than otherwise was warranted" to address this risk.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte