Heard on the Street: It has been a rough year so far for the stock market. Unfortunately for investors, the Fed probably doesn’t feel their pain.
Wednesday’s rally notwithstanding, the central bank could do more damage to equities as it keeps tightening
The Federal Reserve's main tool for managing the economy is to change the federal funds rate. WSJ explains how the Fed manipulates this one rate to guide the entire economy. Illustration: Jacob ReynoldsIt has been a rough year so far for the stock market, despite Wednesday’s rally. Unfortunately for investors, the Federal Reserve probably doesn’t feel their pain. Nor is it likely to soon.
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