The Fed cares when the stock market freaks out – but only when it turns into a bear
- Written by Alexander Kurov, Professor of Finance and Fred T. Tattersall Research Chair in Finance, West Virginia University
Stocks have been falling for more than two months, with investors all but begging the Federal Reserve to stop lifting short-term interest rates. Higher rates hurt stocks by making other, less risky investments look more attractive and by driving up borrowing costs for companies and consumers.
Yet the U.S. central bank mostly rebuffed investors&rsqu...
Read more: The Fed cares when the stock market freaks out – but only when it turns into a bear
